Dorian LPG (NYSE:LPG) Shares Gap Down – What’s Next?

Dorian LPG Ltd. (NYSE:LPG) shares gapped down before the market opened on Friday . The stock had previously closed at $25.37, but opened at $24.37. Dorian LPG shares last traded at $23.57, with a volume of 207,592 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a research note on Friday.

Dorian LPG Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The firm has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $30.96. The company has a market capitalization of $1.03 billion, a PE ratio of 4.08 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. During the same period in the prior year, the company earned $2.62 earnings per share. Equities analysts anticipate that Dorian LPG Ltd. will post 2.84 EPS for the current year.

Dorian LPG Cuts Dividend

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

Hedge Funds Weigh In On Dorian LPG

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 20.8% in the 4th 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 during the period. Empowered Funds LLC boosted its position in Dorian LPG by 52.2% during the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock valued at $9,997,000 after purchasing an additional 99,650 shares in the last quarter. Geode Capital Management LLC grew its stake in Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Dorian LPG by 87.3% in the third quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company’s stock worth $5,636,000 after purchasing an additional 76,334 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Dorian LPG during the third quarter valued at about $2,238,000. Institutional investors own 62.50% of the company’s stock.

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.