BW LPG (NYSE:BWLP) Reaches New 52-Week High – What’s Next?

BW LPG Limited (NYSE:BWLP)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $25.70 and last traded at $25.6450, with a volume of 119685 shares traded. The stock had previously closed at $25.11.

Analyst Ratings Changes

Several research firms recently commented on BWLP. Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Pareto Securities upgraded BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, BW LPG currently has a consensus rating of “Moderate Buy”.

BW LPG Stock Performance

The firm’s fifty day moving average price is $22.47 and its 200 day moving average price is $20.01. The firm has a market cap of $3.90 billion, a P/E ratio of 8.77 and a beta of 0.99. 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 the consensus estimate of $1.17 by ($0.38). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $318.01 million. BW LPG had a net margin of 12.64% and a return on equity of 22.48%.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 8th will be given a dividend of $8.8914 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This is an increase from BW LPG’s previous quarterly dividend of $6.20. This represents a $35.57 dividend on an annualized basis and a yield of 137.9%. BW LPG’s dividend payout ratio is 129.25%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in BW LPG during the second quarter valued at approximately $448,000. Squarepoint Ops LLC increased its position in shares of BW LPG by 75.6% during the second quarter. Squarepoint Ops LLC now owns 18,469 shares of the company’s stock worth $322,000 after purchasing an additional 7,950 shares in the last quarter. Amundi increased its position in shares of BW LPG by 52.9% during the second quarter. Amundi now owns 17,080 shares of the company’s stock worth $298,000 after purchasing an additional 5,909 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of BW LPG during the 2nd quarter valued at $3,626,000. Finally, Corient Private Wealth LP purchased a new stake in shares of BW LPG during the 2nd quarter valued at $335,000.

About BW LPG

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.