Dorian LPG (NYSE:LPG) Issues Quarterly Earnings Results

Dorian LPG (NYSE:LPG) issued its earnings results on Friday. The shipping company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08, RTT News reports. 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 firm posted $2.62 EPS.

Dorian LPG Stock Performance

NYSE LPG opened at $24.09 on Friday. The firm’s fifty day moving average price is $24.42 and its two-hundred day moving average price is $31.07. The stock has a market cap of $1.03 billion, a PE ratio of 4.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. Dorian LPG has a fifty-two week low of $22.46 and a fifty-two week high of $51.66.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be given a $0.70 dividend. The ex-dividend date is Wednesday, February 5th.

Analysts Set New Price Targets

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

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.