Dorian LPG (NYSE:LPG) Trading Down 4.5% - Time to Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) dropped 4.5% during mid-day trading on Monday . The stock traded as low as $27.70 and last traded at $27.62. Approximately 130,448 shares changed hands during trading, a decline of 81% from the average daily volume of 704,740 shares. The stock had previously closed at $28.92.

Analyst Ratings Changes

LPG has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st.

Dorian LPG Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.54 and a quick ratio of 3.52. The stock's 50 day simple moving average is $23.91 and its two-hundred day simple moving average is $22.93. The stock has a market cap of $1.20 billion, a P/E ratio of 13.00 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. The firm had revenue of $75.89 million for the quarter, compared to analyst estimates of $79.04 million. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The business's revenue was down 46.3% on a year-over-year basis. As a group, research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.50 dividend. This represents a dividend yield of 13.5%. The ex-dividend date of this dividend was Friday, May 16th.

Institutional Trading of Dorian LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Dorian LPG during the second quarter worth about $29,000. NewEdge Advisors LLC raised its holdings in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after buying an additional 1,315 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Dorian LPG in the 4th quarter valued at approximately $37,000. Brooklyn Investment Group raised its holdings in Dorian LPG by 2,087.8% in the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after buying an additional 1,879 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in Dorian LPG by 6,275.0% during the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock valued at $46,000 after purchasing an additional 2,008 shares during the period. 62.50% of the stock is owned by institutional investors.

Dorian LPG Company Profile

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.