BW LPG Limited (BWLP) – What Are Researchers Thinking About This Stock?

Shares of BW LPG Limited (NYSE:BWLP) have been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

A number of research analysts have recently weighed in on BWLP shares. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded BW LPG from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Pareto Securities upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th.

Institutional Investors Weigh In On BW LPG

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

BW LPG Stock Performance

Shares of BWLP opened at $25.54 on Tuesday. The firm’s 50 day moving average is $24.82 and its 200-day moving average is $21.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.18. The stock has a market capitalization of $3.87 billion, a P/E ratio of 8.69 and a beta of 0.97. BW LPG has a 12-month low of $11.72 and a 12-month high of $26.71.

BW LPG (NYSE:BWLP) last announced its earnings results on Saturday, August 29th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.38). BW LPG had a return on equity of 22.48% and a net margin of 12.64%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $318.01 million.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Tuesday, September 8th were paid a dividend of NOK 8.89 per share. This represents a $35.57 dividend on an annualized basis and a dividend yield of 139.2%. This is a positive change from BW LPG’s previous quarterly dividend of NOK 6.20. The ex-dividend date of this dividend was Tuesday, September 8th. BW LPG’s payout ratio is presently 129.25%.

About BW LPG

BW LPG Limited (NYSE:BWLP) is a Singapore-based maritime transportation company focused on the seaborne transportation of liquefied petroleum gas (LPG). The company owns and operates a fleet of very large gas carriers (VLGCs), which transport propane, butane and other LPG products between major production and consumption markets.

In addition to vessel ownership and operation, BW LPG provides commercial, technical and fleet-management services. The company has invested in LPG dual-fuel propulsion, allowing certain vessels to use LPG as a marine fuel, and participates in related LPG infrastructure and distribution activities through its businesses and affiliates.

BW LPG is part of BW Group, a global maritime organization with activities spanning gas shipping, offshore energy and related services.