Dorian LPG Ltd. (LPG) Trading Up 6.2%
Dorian LPG Ltd. (NYSE:LPG) shares were up 6.2% during trading on Thursday . The stock traded as high as $6.35 and last traded at $6.20, with a volume of 140,333 shares traded. The stock had previously closed at $5.84.
Several research analysts have commented on LPG shares. ABN Amro downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd.
The stock has a market cap of $331.47 million and a P/E ratio of 3.00. The firm has a 50 day moving average of $6.71 and a 200 day moving average of $8.94.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.05. The firm earned $50.50 million during the quarter, compared to the consensus estimate of $34.90 million. During the same period in the prior year, the company earned $0.24 earnings per share. Dorian LPG’s revenue for the quarter was up 54.9% compared to the same quarter last year. On average, equities research analysts expect that Dorian LPG Ltd. will post $1.37 earnings per share for the current fiscal year.
In other news, CEO John C. Hadjipateras acquired 20,000 shares of Dorian LPG stock in a transaction dated Wednesday, June 29th. The stock was bought at an average cost of $7.39 per share, with a total value of $147,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at $16,847,308.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in Dorian LPG stock. Dimensional Fund Advisors LP boosted its stake in Dorian LPG Ltd. (NYSE:LPG) by 178.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 444,342 shares of the company’s stock after buying an additional 284,603 shares during the period. Dimensional Fund Advisors LP owned approximately 0.78% of Dorian LPG worth $5,229,000 at the end of the most recent reporting period.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.
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