BW LPG Limited (NYSE:BWLP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of BW LPG Limited (NYSE:BWLP) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several analysts have weighed in on BWLP shares. Clarkson Capital raised BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Pareto Securities upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Finally, Wall Street Zen cut shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th.

Institutional Trading of BW LPG

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Holdings LLC bought a new stake in shares of BW LPG during the 2nd quarter worth $52,000. Global Retirement Partners LLC bought a new position in BW LPG in the second quarter valued at $57,000. Blue Trust Inc. purchased a new stake in BW LPG during the first quarter valued at about $65,000. Quantbot Technologies LP purchased a new stake in BW LPG during the second quarter valued at about $81,000. Finally, Bank of New York Mellon Corp bought a new stake in BW LPG during the first quarter worth about $183,000.

BW LPG Trading Down 0.0%

BW LPG stock opened at $24.65 on Friday. The stock has a market cap of $3.73 billion, a P/E ratio of 8.38 and a beta of 0.99. BW LPG has a fifty-two week low of $11.72 and a fifty-two week high of $26.47. The firm’s fifty day moving average price is $23.51 and its 200-day moving average price is $20.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.18 and a current ratio of 1.44.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Saturday, August 29th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). BW LPG had a return on equity of 22.48% and a net margin of 12.64%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $318.01 million.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th were paid a NOK 8.89 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $35.57 dividend on an annualized basis and a yield of 144.3%. This is a boost from BW LPG’s previous quarterly dividend of NOK 6.20. BW LPG’s dividend payout ratio is presently 129.25%.

BW LPG Company Profile

BW LPG Limited (NYSE: BWLP) is a Singapore-based maritime company that owns and operates very large gas carriers (VLGCs) used to transport liquefied petroleum gas (LPG), primarily propane and butane. The company provides seaborne transportation services to energy producers, commodity traders, and other customers involved in the global LPG supply chain.

BW LPG’s activities include vessel ownership, ship management, commercial operation, and fleet optimization. Its ships transport LPG on international trade routes connecting major exporting regions, including the Middle East and the United States, with import markets in Asia, Europe, and other parts of the world.