BW LPG (NYSE:BWLP) Stock Rating Upgraded by Clarkson Capital

BW LPG (NYSE:BWLP) was upgraded by investment analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BW LPG in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, BW LPG currently has a consensus rating of “Moderate Buy”.

BW LPG Stock Performance

BW LPG stock opened at $12.49 on Wednesday. The business has a 50 day moving average of $13.10 and a 200-day moving average of $13.29. BW LPG has a 1 year low of $7.86 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.22. The company has a market capitalization of $1.64 billion and a P/E ratio of 8.07.

BW LPG (NYSE:BWLP) last posted its earnings results on Tuesday, December 2nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The business had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million.

Hedge Funds Weigh In On BW LPG

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of BW LPG in the 3rd quarter valued at about $36,000. XTX Topco Ltd bought a new position in BW LPG in the third quarter worth approximately $515,000. Susquehanna Advisors Group Inc. bought a new position in BW LPG in the third quarter worth approximately $206,000. Numerai GP LLC grew its stake in BW LPG by 40.7% in the third quarter. Numerai GP LLC now owns 28,947 shares of the company’s stock valued at $413,000 after acquiring an additional 8,377 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of BW LPG during the third quarter valued at approximately $262,000.

About BW LPG

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.