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

BW LPG Limited (NYSE:BWLP) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Institutional Investors Weigh In On BW LPG

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in BW LPG during the third quarter worth $36,000. Global Retirement Partners LLC acquired a new stake in BW LPG in the fourth quarter valued at $43,000. Raymond James Financial Inc. acquired a new stake in BW LPG in the second quarter valued at $47,000. Pinnacle Holdings LLC purchased a new position in shares of BW LPG in the second quarter valued at $52,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of BW LPG in the third quarter valued at $62,000.

BW LPG Stock Up 4.1%

BW LPG stock opened at $22.16 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29. BW LPG has a 1-year low of $11.72 and a 1-year high of $22.92. The company has a market cap of $3.35 billion, a PE ratio of 9.31 and a beta of 0.99. The stock’s 50 day moving average price is $20.24 and its 200 day moving average price is $18.73.

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

BW LPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were paid a dividend of $6.196 per share. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a dividend yield of 111.8%. BW LPG’s dividend payout ratio is presently 112.61%.

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.