Dorian LPG Ltd. (NYSE:LPG - Get Free Report) announced a dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 1.00 per share by the shipping company on Monday, November 25th. The ex-dividend date is Tuesday, November 5th.
Dorian LPG Trading Up 2.2 %
NYSE LPG traded up $0.67 during trading on Friday, hitting $31.04. 484,129 shares of the company's stock traded hands, compared to its average volume of 757,169. The firm has a market cap of $1.32 billion, a P/E ratio of 4.08 and a beta of 0.98. The stock has a fifty day moving average of $35.50 and a two-hundred day moving average of $39.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58. Dorian LPG has a 12-month low of $30.06 and a 12-month high of $51.66.
Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company had revenue of $114.30 million during the quarter, compared to the consensus estimate of $113.70 million. During the same period in the prior year, the firm earned $1.21 earnings per share. Dorian LPG's revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Dorian LPG will post 4.13 EPS for the current year.
Analyst Ratings Changes
Separately, DNB Markets upgraded shares of Dorian LPG from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Wednesday, July 3rd.
View Our Latest Stock Report on LPG
Insider Activity
In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $36.12, for a total transaction of $90,300.00. Following the sale, the chief operating officer now owns 82,823 shares in the company, valued at $2,991,566.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.40% of the company's stock.
Dorian LPG Company Profile
(
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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