Dorian LPG (NYSE:LPG) Stock Price Down 3.4% – Time to Sell?

Dorian LPG Ltd. (NYSE:LPG) dropped 3.4% during mid-day trading on Friday . The stock traded as low as $23.48 and last traded at $23.37. Approximately 128,390 shares traded 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 issued a $42.00 price target on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The company has a market capitalization of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. The company has a 50 day moving average of $24.51 and a two-hundred day moving average of $31.53.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. The firm’s revenue was down 43.1% compared to the same quarter last year. As a group, equities research analysts predict that Dorian LPG Ltd. will post 2.84 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after acquiring an additional 711,313 shares in the last quarter. State Street Corp increased its stake in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after purchasing an additional 47,780 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 buying an additional 80,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Dorian LPG by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after buying an additional 34,344 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Dorian LPG by 435.3% during the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after buying an additional 371,724 shares during the last quarter. Hedge funds and other institutional investors 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.