Dorian LPG (NYSE:LPG) Shares Gap Down to $50.30

Dorian LPG Ltd. (NYSE:LPGGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $50.30, but opened at $45.30. Dorian LPG shares last traded at $45.33, with a volume of 1,014,635 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Jefferies Financial Group increased their target price on shares of Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd.

Get Our Latest Research Report on Dorian LPG

Dorian LPG Price Performance

The stock has a market capitalization of $1.80 billion, a PE ratio of 5.82 and a beta of 1.06. The stock’s 50 day moving average is $43.26 and its two-hundred day moving average is $41.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.60 and a current ratio of 3.62.

Dorian LPG (NYSE:LPGGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $141.40 million for the quarter, compared to analyst estimates of $144.25 million. Dorian LPG had a net margin of 54.83% and a return on equity of 32.22%. Dorian LPG’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. On average, equities analysts anticipate that Dorian LPG Ltd. will post 6.07 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently declared a None dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 8th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. Dorian LPG’s dividend payout ratio is presently 26.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beacon Capital Management LLC acquired a new stake in Dorian LPG in the 1st quarter valued at about $27,000. Fifth Third Bancorp raised its holdings in Dorian LPG by 317.7% in the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 521 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Dorian LPG by 178.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 525 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Dorian LPG in the 4th quarter valued at about $44,000. Finally, USA Financial Formulas acquired a new stake in Dorian LPG in the 4th quarter valued at about $68,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

About Dorian LPG

(Get Free Report)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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