Dorian LPG (NYSE:LPG) Trading Down 3.4% - Should You Sell?

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares were down 3.4% on Friday . The stock traded as low as $23.48 and last traded at $23.37. Approximately 128,390 shares changed hands during trading, a decline of 82% from the average daily volume of 701,224 shares. The stock had previously closed at $24.20.

Analyst Upgrades and Downgrades

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

Dorian LPG Trading Down 2.2 %

The firm has a market capitalization of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $24.51 and its 200 day simple moving average is $31.53.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million for the quarter, compared to analysts' expectations of $82.40 million. During the same period in the prior year, the company posted $1.85 earnings per share. The firm's quarterly revenue was down 43.1% on a year-over-year basis. On average, sell-side analysts predict that Dorian LPG Ltd. will post 2.84 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. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 5th.

Institutional Trading of Dorian LPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in shares of Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock worth $100,583,000 after purchasing an additional 711,313 shares during the period. State Street Corp boosted its position in shares of Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company's stock worth $46,722,000 after purchasing an additional 47,780 shares during the period. Geode Capital Management LLC boosted its position in shares of Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company's stock worth $33,195,000 after purchasing an additional 80,757 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Dorian LPG by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company's stock worth $16,238,000 after purchasing an additional 34,344 shares during the period. Finally, 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 purchasing an additional 371,724 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.