Dnb Carnegie Upgrades BW LPG (NYSE:BWLP) to “Hold”

BW LPG (NYSE:BWLP) was upgraded by stock analysts at Dnb Carnegie from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts also recently issued reports on BWLP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. Wall Street Zen raised shares of BW LPG from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Finally, Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, BW LPG currently has an average rating of “Moderate Buy”.

BW LPG Price Performance

NYSE BWLP opened at $21.12 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $17.90 and a 200 day simple moving average of $15.50. The company has a market cap of $3.20 billion, a P/E ratio of 13.20 and a beta of 1.32. BW LPG has a 1 year low of $10.16 and a 1 year high of $21.41.

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

Institutional Trading of BW LPG

A number of hedge funds have recently bought and sold shares of BWLP. Ameriprise Financial Inc. boosted 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 purchasing an additional 579,987 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of BW LPG in the 1st quarter valued at $9,646,000. Fearnley Asset Management AS acquired a new position in shares of BW LPG in the 4th quarter valued at $5,388,000. Millennium Management LLC acquired a new position in shares of BW LPG in the 4th quarter valued at $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of BW LPG by 115,776.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock valued at $2,549,000 after buying an additional 203,766 shares in 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.