BW LPG (NYSE:BWLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BW LPG (NYSE:BWLP) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities research analysts have also recently weighed in on BWLP. Kepler Capital Markets cut BW LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Dnb Carnegie cut BW LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

BW LPG Price Performance

Shares of BW LPG stock opened at $17.55 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.66 billion, a PE ratio of 10.97 and a beta of 1.80. The business’s 50-day moving average price is $16.58 and its 200-day moving average price is $14.38. BW LPG has a 12 month low of $7.86 and a 12 month high of $18.84.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm had revenue of $732.40 million for the quarter, compared to analyst estimates of $217.18 million. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.5652 per share. The ex-dividend date was Friday, March 13th. This is a positive change from BW LPG’s previous quarterly dividend of $0.40. This represents a $2.26 dividend on an annualized basis and a yield of 12.9%. BW LPG’s dividend payout ratio (DPR) is presently 142.50%.

Institutional Trading of BW LPG

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of BW LPG in the 3rd quarter worth $36,000. Global Retirement Partners LLC bought a new stake in shares of BW LPG in the 4th quarter worth $43,000. Raymond James Financial Inc. bought a new stake in shares of BW LPG in the 2nd quarter worth $47,000. BNP Paribas Financial Markets bought a new stake in shares of BW LPG in the 3rd quarter worth $62,000. Finally, Optiver Holding B.V. increased its holdings in shares of BW LPG by 99.3% in the 3rd quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock worth $65,000 after purchasing an additional 2,263 shares in the last quarter.

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.