Dorian LPG Ltd (NYSE: LPG) is -1.22% lower on its value in year-to-date trading and has touched a low of $16.70 and a high of $48.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LPG stock was last observed hovering at around $40.83 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $42.20, the stock is 11.49% and 13.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 3.36% at the moment leaves the stock 29.90% off its SMA200. LPG registered 143.89% gain for a year compared to 6-month gain of 55.79%. The firm has a 50-day simple moving average (SMA 50) of $4.10 and a 200-day simple moving average (SMA200) of $5.29.
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The stock witnessed a 20.81% loss in the last 1 month and extending the period to 3 months gives it a -0.97%, and is 14.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.11% over the week and 3.34% over the month.
Dorian LPG Ltd (LPG) has around 593 employees, a market worth around $1.71B and $552.96M in sales. Current P/E ratio is 5.60 and Fwd P/E is 8.71. Profit margin for the company is 55.02%. Distance from 52-week low is 152.63% and -12.52% from its 52-week high. The company has generated returns on investments over the last 12 months (17.73%).
Dorian LPG Ltd quarterly earnings per share for the current quarter are estimated at $1.9 with sales reaching $152.73M over the same period.The EPS is expected to grow by 85.07% this year, but quarterly earnings will post 47.10% year-over-year. Quarterly sales are estimated to grow 14.30% in year-over-year returns.
327 institutions hold shares in Dorian LPG Ltd (LPG), with institutional investors hold 76.16% of the company’s shares. The shares outstanding are 40.38M, and float is at 37.68M with Short Float at 9.11%. Institutions hold 64.12% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.13 million shares valued at $131.67 million. The investor’s holdings represent 12.71% of the LPG Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 3.19 million shares valued at $81.84 million to account for 7.90% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.3 million shares representing 3.22% and valued at over $33.32 million, while State Street Corporation holds 2.86% of the shares totaling 1.15 million with a market value of $29.61 million.
Dorian LPG Ltd (LPG) Insider Activity
The most recent transaction is an insider purchase by HADJIPATERAS JOHN C, the company’s President and CEO. SEC filings show that HADJIPATERAS JOHN C bought 5,000 shares of the company’s common stock on Jan 12 ’24 at a price of $42.58 per share for a total of $0.21 million. Following the purchase, the insider now owns 1.78 million shares.
Dorian LPG Ltd disclosed in a document filed with the SEC on Dec 20 ’23 that Tan Christina (Director) sold a total of 4,371 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $44.50 per share for $0.19 million. Following the transaction, the insider now directly holds 0.0 shares of the LPG stock.
Still, SEC filings show that on Dec 19 ’23, Tan Christina (Director) disposed off 5,629 shares at an average price of $44.50 for $0.25 million. The insider now directly holds 4,371 shares of Dorian LPG Ltd (LPG).
