Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. The firm also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool. The company was founded on July 1, 2013 and is headquartered in Stamford, CT.
Dorian LPG Price Performance
LPG Stock opened at $14.79 on Wednesday. The company has a market cap of $593.67 million, a PE ratio of 6.54 and a beta of 1.06. The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $15.60 and a two-hundred day moving average price of $15.01. Dorian LPG has a 12-month low of $10.77 and a 12-month high of $18.50.
Dorian LPG (NYSE:LPG - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The shipping company reported $0.62 earnings per share for the quarter. Dorian LPG had a net margin of 31.56% and a return on equity of 7.85%. The firm had revenue of $79.58 million for the quarter. As a group, research analysts predict that Dorian LPG will post 0.89 EPS for the current year.
Dorian LPG Cuts Dividend
The business also recently announced a Variable dividend, which will be paid on Friday, September 2nd. Stockholders of record on Monday, August 15th will be given a $1.00 dividend. The ex-dividend date is Friday, August 12th. Dorian LPG's payout ratio is 199.12%.
Analysts Set New Price Targets
LPG has been the topic of several recent analyst reports. Clarkson Capital reissued a "buy" rating on shares of Dorian LPG in a research note on Tuesday, June 14th. Jefferies Financial Group assumed coverage on Dorian LPG in a report on Wednesday, July 20th. They issued a "buy" rating and a $20.00 price target for the company.
Insider Activity at Dorian LPG
In other news, Director Thomas Jason Coleman sold 112,240 shares of the business's stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $17.11, for a total transaction of $1,920,426.40. Following the transaction, the director now directly owns 3,000,000 shares of the company's stock, valued at $51,330,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Thomas Jason Coleman sold 112,240 shares of Dorian LPG stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $17.11, for a total transaction of $1,920,426.40. Following the sale, the director now directly owns 3,000,000 shares of the company's stock, valued at $51,330,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $18.00, for a total value of $180,000.00. Following the completion of the transaction, the chief financial officer now owns 100,576 shares in the company, valued at approximately $1,810,368. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,240 shares of company stock worth $5,278,876. 24.20% of the stock is currently owned by company insiders.