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

Shares of BW LPG Limited (NYSE:BWLP) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

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

Hedge Funds Weigh In On BW LPG

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Holdings LLC acquired a new stake in shares of BW LPG during the 2nd quarter worth approximately $52,000. Global Retirement Partners LLC acquired a new position in shares of BW LPG during the 2nd quarter valued at $57,000. Blue Trust Inc. bought a new position in BW LPG during the first quarter worth $65,000. Quantbot Technologies LP bought a new position in BW LPG during the second quarter worth $81,000. Finally, Bank of New York Mellon Corp acquired a new stake in BW LPG in the first quarter worth $183,000.

BW LPG Price Performance

Shares of BWLP opened at $24.19 on Friday. BW LPG has a 12-month low of $11.72 and a 12-month high of $26.47. The business has a 50-day simple moving average of $23.37 and a two-hundred day simple moving average of $20.47. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.66 billion, a PE ratio of 8.23 and a beta of 0.99.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Saturday, August 29th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th were issued a NOK 8.89 dividend. The ex-dividend date was Tuesday, September 8th. This is an increase from BW LPG’s previous quarterly dividend of NOK 6.20. This represents a $35.57 dividend on an annualized basis and a yield of 147.0%. 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.