BW LPG (NYSE:BWLP) Raised to Buy at Pareto Securities

BW LPG (NYSE:BWLP) was upgraded by investment analysts at Pareto Securities from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat Ratings reports.

BW LPG Price Performance

Shares of BW LPG stock traded up $1.38 during midday trading on Thursday, hitting $13.32. 660,924 shares of the company were exchanged, compared to its average volume of 531,787. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. BW LPG has a 52 week low of $9.95 and a 52 week high of $22.31. The firm has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $13.68.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On BW LPG

Institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its stake in shares of BW LPG by 98.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock worth $67,000 after acquiring an additional 2,902 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in BW LPG by 30.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock worth $321,000 after purchasing an additional 6,601 shares during the period. XTX Topco Ltd boosted its position in BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after purchasing an additional 11,013 shares during the period. DekaBank Deutsche Girozentrale boosted its position in BW LPG by 33.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after purchasing an additional 12,622 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of BW LPG during the third quarter worth $183,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.