BW LPG (NYSE:BWLP) Shares Gap Up – What’s Next?

BW LPG Limited (NYSE:BWLP) shares gapped up prior to trading on Monday . The stock had previously closed at $19.68, but opened at $20.39. BW LPG shares last traded at $20.1030, with a volume of 93,230 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BWLP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, BW LPG presently has an average rating of “Hold”.

BW LPG Stock Performance

The stock has a market capitalization of $3.05 billion, a PE ratio of 8.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. The firm’s 50 day moving average is $19.98 and its two-hundred day moving average is $17.45.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The company 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $6.196 dividend. This represents a $24.78 dividend on an annualized basis and a yield of 122.8%. This is a boost from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 12th. BW LPG’s dividend payout ratio (DPR) is 112.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BWLP. Advisory Services Network LLC acquired a new stake in BW LPG in the 3rd quarter valued at about $36,000. Global Retirement Partners LLC acquired a new position in shares of BW LPG during the fourth quarter worth about $43,000. Raymond James Financial Inc. acquired a new position in shares of BW LPG during the second quarter worth about $47,000. BNP Paribas Financial Markets purchased a new stake in shares of BW LPG during the third quarter worth approximately $62,000. Finally, Blue Trust Inc. purchased a new stake in shares of BW LPG during the first quarter worth approximately $65,000.

BW LPG Company Profile

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.