Dorian LPG Ltd. (LPG) Stock Price Down 5.9%
Dorian LPG Ltd. (NYSE:LPG) shares traded down 5.9% during mid-day trading on Wednesday . The stock traded as low as $6.00 and last traded at $6.01, with a volume of 242,815 shares. The stock had previously closed at $6.39.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. ABN Amro lowered Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.
The firm has a market cap of $325.00 million and a P/E ratio of 2.94. The company has a 50 day moving average of $6.50 and a 200 day moving average of $8.69.
Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ 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 EPS. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. On average, equities analysts expect that Dorian LPG Ltd. will post $0.33 EPS for the current fiscal year.
In other Dorian LPG news, CEO John C. Hadjipateras bought 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, for a total transaction of $147,800.00. Following the purchase, the chief executive officer now owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in Dorian LPG stock. Dimensional Fund Advisors LP boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 178.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 444,342 shares of the company’s stock after buying an additional 284,603 shares during the period. Dimensional Fund Advisors LP owned about 0.78% of Dorian LPG worth $5,229,000 at the end of the most recent quarter.
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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