Dorian LPG (NYSE:LPG) Reaches New 12-Month Low - What's Next?

Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.71 and last traded at $25.85, with a volume of 72622 shares changing hands. The stock had previously closed at $26.22.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a $42.00 target price on shares of Dorian LPG in a report on Thursday, October 31st.

Dorian LPG Stock Performance

The stock has a market capitalization of $1.10 billion, a P/E ratio of 4.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The company's fifty day simple moving average is $32.19 and its two-hundred day simple moving average is $38.19.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm's revenue was down 43.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share. As a group, equities analysts forecast that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, November 5th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Beacon Capital Management LLC bought a new position in shares of Dorian LPG during the first quarter worth approximately $27,000. Quarry LP increased its holdings in shares of Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company's stock worth $40,000 after purchasing an additional 345 shares during the period. GAMMA Investing LLC increased its holdings in shares of Dorian LPG by 60.3% during the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company's stock worth $44,000 after purchasing an additional 395 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Dorian LPG by 126.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock worth $52,000 after purchasing an additional 697 shares during the period. Finally, CWM LLC increased its holdings in shares of Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company's stock worth $71,000 after purchasing an additional 1,524 shares during the period. 62.50% of the stock is owned by institutional investors.

Dorian LPG Company Profile

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.