Dorian LPG (NYSE:LPG) Sets New 1-Year Low - Here's Why

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $26.11 and last traded at $26.19, with a volume of 126114 shares changing hands. The stock had previously closed at $26.86.

Wall Street Analyst Weigh In

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

Dorian LPG Stock Performance

The firm has a fifty day moving average price of $33.38 and a 200 day moving average price of $38.82. 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 stock has a market cap of $1.15 billion, a PE ratio of 4.55 and a beta of 1.00.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to analyst estimates 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 for the quarter was down 43.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share. Research analysts forecast that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

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

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in LPG. BNP Paribas Financial Markets grew its position in Dorian LPG by 17.8% during the 1st quarter. BNP Paribas Financial Markets now owns 37,110 shares of the shipping company's stock worth $1,427,000 after purchasing an additional 5,611 shares during the period. Texas Permanent School Fund Corp raised its position in Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company's stock valued at $1,148,000 after acquiring an additional 375 shares in the last quarter. SG Americas Securities LLC acquired a new position in Dorian LPG in the first quarter valued at approximately $145,000. Oppenheimer & Co. Inc. acquired a new position in Dorian LPG in the first quarter valued at approximately $815,000. Finally, Swiss National Bank boosted its position in Dorian LPG by 6.9% in the 1st quarter. Swiss National Bank now owns 68,085 shares of the shipping company's stock worth $2,619,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds 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.