Dorian LPG (NYSE:LPG) Hits New 52-Week Low - What's Next?

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $22.10 and last traded at $22.26, with a volume of 26365 shares traded. The stock had previously closed at $22.42.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPG. Jefferies Financial Group reaffirmed a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities raised Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th.

Dorian LPG Price Performance

The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $860.57 million, a price-to-earnings ratio of 5.12 and a beta of 0.91. The stock has a 50-day moving average price of $24.00 and a 200 day moving average price of $28.81.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the previous year, the firm posted $2.62 EPS. As a group, equities research analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors have recently modified their holdings of the business. Beacon Capital Management LLC boosted its holdings in Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Dorian LPG in the 4th quarter worth about $37,000. Quarry LP boosted its holdings in Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after buying an additional 1,238 shares during the last quarter. KBC Group NV boosted its holdings in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after buying an additional 951 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Dorian LPG by 146.2% in the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock worth $53,000 after buying an additional 1,303 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.