LPG Stock Summary and Trading Ideas (Dorian Lpg Ltd. | NYSE:LPG)

Dorian LPG Ltd is an international liquefied petroleum gas shipping company focused on owning and operating gas carriers, or VLGCs. The company currently owns and operates around 22 modern VLGCs, including nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs. Dorian LPG has offices in Connecticut, USA, London, United Kingdom, and Athens, Greece.

Dorian Lpg Ltd. trades on the NYSE stock market under the symbol LPG.

As of May 6, 2024, LPG stock price declined to $42.30 with 521,020 million shares trading.

LPG has a beta of 0.75, meaning it tends to be less sensitive to market movements. LPG has a correlation of 0.05 to the broad based SPY ETF.

LPG has a market cap of $1.70 billion. This is considered a Small Cap stock.

Last quarter Dorian Lpg Ltd. reported $163 million in Revenue and $2.62 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.82.

In the last 3 years, LPG stock traded as high as $49.54 and as low as $10.77.

The top ETF exchange traded funds that LPG belongs to (by Net Assets): CALF, IJR, AVUV, IWM, VXF.

LPG has outperformed the market in the last year with a price return of +110.6% while the SPY ETF gained +27.9%. LPG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.0% and +6.3%, respectively, while the SPY returned +4.6% and +4.1%, respectively.

LPG support price is $41.87 and resistance is $43.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LPG stock will trade within this expected range on the day.