BW LPG (NYSE:BWLP) Releases Earnings Results, Misses Expectations By $0.19 EPS

BW LPG (NYSE:BWLP) posted its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19), Zacks reports. The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $242.92 million. BW LPG had a net margin of 6.09% and a return on equity of 11.70%.

BW LPG Stock Down 4.2%

Shares of BWLP opened at $12.01 on Wednesday. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $16.60. The company’s fifty day moving average is $13.10 and its two-hundred day moving average is $13.29. The firm has a market cap of $1.58 billion and a PE ratio of 7.80. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.45.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.40 per share. This is an increase from BW LPG’s previous quarterly dividend of $0.22. This represents a $1.60 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Friday, December 12th. BW LPG’s payout ratio is 57.14%.

Institutional Investors Weigh In On BW LPG

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock worth $255,000 after purchasing an additional 22,922 shares in the last quarter. Jane Street Group LLC increased its stake in BW LPG by 14.0% during the 1st quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock worth $558,000 after buying an additional 6,331 shares during the period. JPMorgan Chase & Co. lifted its holdings in BW LPG by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock worth $100,000 after buying an additional 1,749 shares in the last quarter. Quantbot Technologies LP purchased a new position in BW LPG in the 2nd quarter valued at about $98,000. Finally, StoneX Group Inc. purchased a new position in BW LPG in the 2nd quarter valued at about $190,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.