BW LPG (NYSE:BWLP) Downgraded by Wall Street Zen to “Buy”

BW LPG (NYSE:BWLP) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other equities research analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

BW LPG Stock Up 3.4%

Shares of NYSE BWLP traded up $0.65 on Friday, reaching $19.71. 367,410 shares of the company’s stock traded hands, compared to its average volume of 406,125. The business’s 50 day simple moving average is $19.98 and its two-hundred day simple moving average is $17.42. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 8.28 and a beta of 1.29. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.08 EPS for the quarter. The company had revenue of $838.89 million for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.

Institutional Trading of BW LPG

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in BW LPG by 4,137.5% in the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock worth $255,000 after buying an additional 22,922 shares in the last quarter. Jane Street Group LLC boosted its stake in BW LPG by 14.0% in the 1st quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock worth $558,000 after purchasing an additional 6,331 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of BW LPG by 26.2% in the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock worth $100,000 after buying an additional 1,749 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of BW LPG during the second quarter worth $98,000. Finally, StoneX Group Inc. bought a new position in shares of BW LPG during the second quarter worth $190,000.

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.