BW LPG Limited (NYSE:BWLP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BW LPG Limited (NYSE:BWLP) have been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts recently weighed in on BWLP shares. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Finally, Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th.

BW LPG Stock Performance

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

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

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a yield of 125.8%. This is a boost from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s payout ratio is presently 112.61%.

Institutional Investors Weigh In On BW LPG

Several institutional investors and hedge funds have recently modified their holdings of BWLP. Ameriprise Financial Inc. increased its holdings in BW LPG by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $26,704,000 after acquiring an additional 579,987 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of BW LPG during the first quarter valued at about $9,646,000. Fearnley Asset Management AS purchased a new position in shares of BW LPG during the fourth quarter valued at about $5,388,000. Millennium Management LLC bought a new stake in shares of BW LPG in the fourth quarter worth about $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of BW LPG by 115,776.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock worth $2,549,000 after purchasing an additional 203,766 shares during the last quarter.

About BW LPG

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.