BW LPG (NYSE:BWLP) Stock Price Down 5.7% – Here’s What Happened

BW LPG Limited (NYSE:BWLP)’s share price fell 5.7% during trading on Monday . The stock traded as low as $20.67 and last traded at $20.3020. 116,737 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 433,519 shares. The stock had previously closed at $21.54.

Analysts Set New Price Targets

Several brokerages have recently commented on BWLP. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Finally, Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BW LPG has a consensus rating of “Moderate Buy”.

BW LPG Stock Performance

The stock has a market cap of $3.11 billion, a P/E ratio of 8.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29. The firm’s 50-day moving average price is $19.81 and its 200-day moving average price is $16.57.

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

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 12th will be given a $6.196 dividend. This is a boost from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 120.8%. The ex-dividend date is Friday, June 12th. BW LPG’s dividend payout ratio (DPR) is presently 112.61%.

Institutional Investors Weigh In On BW LPG

Several large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in BW LPG during the third quarter valued at $36,000. Global Retirement Partners LLC purchased a new stake in shares of BW LPG during the fourth quarter valued at $43,000. Raymond James Financial Inc. purchased a new stake in shares of BW LPG during the second quarter valued at $47,000. BNP Paribas Financial Markets purchased a new stake in shares of BW LPG during the third quarter valued at $62,000. Finally, Blue Trust Inc. purchased a new stake in shares of BW LPG during the first quarter valued at $65,000.

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.