Dorian LPG (NYSE:LPG) Hits New 1-Year Low – Time to Sell?

Dorian LPG Ltd. (NYSE:LPG) reached a new 52-week low during trading on Monday . The stock traded as low as $22.10 and last traded at $22.26, with a volume of 26365 shares. The stock had previously closed at $22.42.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LPG shares. Jefferies Financial Group restated a “buy” rating and set a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

Dorian LPG Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The company has a market cap of $961.16 million, a PE ratio of 5.72 and a beta of 0.91. The business’s 50 day moving average is $24.17 and its 200-day moving average is $29.13.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter in the previous year, the company posted $2.62 earnings per share. As a group, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current 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 paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th. Dorian LPG’s payout ratio is 25.45%.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently made changes to their positions in LPG. New York State Teachers Retirement System grew its position in Dorian LPG by 1.9% during the 3rd quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock worth $745,000 after purchasing an additional 394 shares during the last quarter. Beacon Capital Management LLC lifted its position in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after acquiring an additional 428 shares during the period. Franklin Resources Inc. increased its holdings in shares of Dorian LPG by 2.5% in the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock valued at $551,000 after purchasing an additional 545 shares during the period. Voya Investment Management LLC increased its holdings in shares of Dorian LPG by 3.8% in the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock valued at $385,000 after purchasing an additional 572 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Dorian LPG by 3.3% during the third quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company’s stock worth $711,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.