Dorian LPG Ltd. (LPG, Financial), a key player in the liquefied petroleum gas transportation industry, experienced a notable stock price decline of 5.26%, bringing the share price to $26.10. The trading volume reached 258,196 shares with a turnover rate of 0.60% and a price fluctuation of 5.61%. This volatility comes as part of the broader movements within the midstream oil and gas sector, which saw an overall uptick of 0.58%.
From its recent financial reports, Dorian LPG posted a revenue of $82.43 million and a net profit of $9.43 million, translating to an earnings per share of $0.22. The company's gross profit stood at $34.92 million, with a price-to-earnings (P/E) ratio of 4.46. Financial analysts remain optimistic, with 80% of the participating brokerages recommending a 'buy' rating and the remaining 20% advising to 'hold'.
In comparison, other stocks within the sector, such as Marine Petroleum Trust, Dynagas LNG Partners LP, and South Bow Corporation, showed significant gains. Meanwhile, stocks like BPT Trust and Torm PLC recorded more trading activity, highlighting increased investor interest. Notably, Dorian LPG, Pyxis Tankers Inc., and BPT Trust experienced considerable price fluctuations of 5.90%, 5.28%, and 5.13%, respectively.
Dorian LPG Ltd. specializes in the ownership and operation of very large gas carriers (VLGCs), focusing on eco-friendly designs. The company manages approximately 22 modern VLGCs and operates offices in Connecticut, London, and Athens.
