BW LPG (NYSE:BWLP) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

BW LPG (NYSE:BWLP) released its quarterly earnings data on Tuesday. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09, FiscalAI reports. The company had revenue of $258.21 million during the quarter, compared to the consensus estimate of $217.18 million. BW LPG had a net margin of 4.57% and a return on equity of 8.78%.

BW LPG Trading Up 3.0%

Shares of BW LPG stock opened at $18.77 on Tuesday. The stock has a 50 day moving average of $15.11 and a 200 day moving average of $14.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.47. The firm has a market capitalization of $2.84 billion and a price-to-earnings ratio of 16.61. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $18.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, January 21st. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, BW LPG currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On BW LPG

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of BW LPG during the 3rd quarter worth about $36,000. Global Retirement Partners LLC acquired a new stake in shares of BW LPG during the fourth quarter valued at about $43,000. Raymond James Financial Inc. purchased a new stake in shares of BW LPG in the 2nd quarter valued at approximately $47,000. BNP Paribas Financial Markets acquired a new position in shares of BW LPG in the 3rd quarter worth approximately $62,000. Finally, Osaic Holdings Inc. boosted its position in shares of BW LPG by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after purchasing an additional 1,400 shares during the period.

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.