BW LPG (NYSE:BWLP) Rating Lowered to Strong Sell at Dnb Carnegie

BW LPG (NYSE:BWLP) was downgraded by equities researchers at Dnb Carnegie from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

BWLP has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

BW LPG Price Performance

Shares of NYSE:BWLP opened at $15.46 on Wednesday. The firm has a market capitalization of $2.34 billion and a PE ratio of 9.66. The company has a current ratio of 1.50, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. BW LPG has a 1-year low of $7.86 and a 1-year high of $18.84. The business’s 50 day moving average is $15.73 and its 200-day moving average is $14.31.

BW LPG (NYSE:BWLP) last issued its earnings results on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. The firm had revenue of $732.40 million during the quarter, compared to analysts’ expectations of $217.18 million. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BWLP. Fearnley Asset Management AS bought a new position in shares of BW LPG during the fourth quarter valued at $5,388,000. Invesco Ltd. grew its holdings in shares of BW LPG by 4.3% in the 4th quarter. Invesco Ltd. now owns 26,172 shares of the company’s stock worth $343,000 after purchasing an additional 1,076 shares during the last quarter. Numerai GP LLC grew its holdings in shares of BW LPG by 235.1% in the 4th quarter. Numerai GP LLC now owns 97,002 shares of the company’s stock worth $1,271,000 after purchasing an additional 68,055 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of BW LPG during the 4th quarter worth about $5,027,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of BW LPG during the 4th quarter worth about $377,000.

BW LPG Company Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.