Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $25.37, but opened at $24.37. Dorian LPG shares last traded at $23.57, with a volume of 207,592 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday.
Check Out Our Latest Report on LPG
Dorian LPG Price Performance
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 firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.35 and a beta of 0.91. The company has a 50-day moving average of $24.36 and a 200-day moving average of $30.72.
Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.11%. During the same period last year, the firm posted $2.62 earnings per share. As a group, research analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.
Dorian LPG Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th.
Institutional Trading of Dorian LPG
Several institutional investors and hedge funds have recently bought and sold shares of LPG. Beacon Capital Management LLC boosted its stake 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 valued at $27,000 after purchasing an additional 428 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Dorian LPG during the 4th quarter worth approximately $37,000. KBC Group NV increased its holdings in shares of Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after purchasing an additional 951 shares during the period. GAMMA Investing LLC raised its position in shares of Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after buying an additional 1,303 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company's stock valued at $71,000 after acquiring an additional 1,524 shares during the period. Institutional investors own 62.50% of the company's stock.
About Dorian LPG
(
Get Free Report)
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.
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