Dorian LPG (NYSE:LPG) Sets New 52-Week Low - Should You Sell?

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $27.15 and last traded at $27.66, with a volume of 80872 shares. The stock had previously closed at $28.84.

Analyst Ratings Changes

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

Dorian LPG Stock Performance

The firm has a market cap of $1.16 billion, a PE ratio of 4.61 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The stock has a 50-day moving average price of $34.25 and a 200 day moving average price of $39.21.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). The business had revenue of $82.40 million during the quarter, compared to analysts' expectations of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. Dorian LPG's revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. Research analysts forecast that Dorian LPG Ltd. will post 3.93 earnings per share for the current year.

Dorian LPG Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th. Dorian LPG's dividend payout ratio (DPR) is presently 16.95%.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors have recently added to or reduced their stakes in LPG. Pacer Advisors Inc. boosted its position in shares of Dorian LPG by 22.4% in the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company's stock worth $128,547,000 after buying an additional 560,325 shares during the period. Marshall Wace LLP boosted its position in shares of Dorian LPG by 435.3% in the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company's stock worth $19,181,000 after buying an additional 371,724 shares during the period. Vanguard Group Inc. boosted its position in shares of Dorian LPG by 16.7% in the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company's stock worth $82,067,000 after buying an additional 305,818 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Dorian LPG by 844.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company's stock worth $8,653,000 after buying an additional 201,134 shares during the period. Finally, PEAK6 Investments LLC purchased a new stake in shares of Dorian LPG in the first quarter worth about $6,851,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

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.