Dorian LPG (NYSE:LPG) Sets New 1-Year Low – Should You Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG) reached a new 52-week low during trading on Friday . The company traded as low as $18.25 and last traded at $18.11, with a volume of 16980 shares traded. The stock had previously closed at $20.12.

Analyst Upgrades and Downgrades

LPG has been the subject of several research reports. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Stock Down 14.1 %

The firm has a market capitalization of $739.91 million, a price-to-earnings ratio of 4.40 and a beta of 0.87. The stock has a fifty day moving average of $22.33 and a two-hundred day moving average of $25.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95.

Dorian LPG (NYSE:LPG) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $2.62 EPS. Sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is currently 25.45%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its position 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 purchasing an additional 711,313 shares in the last quarter. State Street Corp boosted its position in shares of Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after acquiring an additional 47,780 shares during the period. American Century Companies Inc. raised its position in shares of Dorian LPG by 11.0% in the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock worth $32,950,000 after buying an additional 134,289 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dorian LPG by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company’s stock worth $24,404,000 after purchasing an additional 36,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dorian LPG by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock valued at $12,778,000 after buying an additional 52,571 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.