BW LPG Limited (NYSE:BWLP) Given Average Rating of “Hold” by Analysts

Shares of BW LPG Limited (NYSE:BWLP) have received a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts recently weighed in on the company. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Pareto Securities lowered BW LPG to a “hold” rating in a research report on Tuesday. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd.

BW LPG Price Performance

BWLP stock opened at $20.54 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29. The business has a 50 day simple moving average of $19.87 and a 200-day simple moving average of $16.63. The firm has a market capitalization of $3.11 billion, a PE ratio of 8.63 and a beta of 1.09. BW LPG has a 1 year low of $11.58 and a 1 year high of $22.92.

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

BW LPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be paid a dividend of $6.196 per share. This represents a $24.78 dividend on an annualized basis and a yield of 120.7%. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, June 12th. BW LPG’s payout ratio is currently 112.61%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after purchasing an additional 35,066 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in BW LPG by 506.7% during the third quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock worth $731,000 after purchasing an additional 42,736 shares in the last quarter. UBS Group AG lifted its stake in BW LPG by 14.9% during the fourth quarter. UBS Group AG now owns 299,497 shares of the company’s stock worth $3,923,000 after purchasing an additional 38,850 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of BW LPG in the fourth quarter valued at $280,000. Finally, Optiver Holding B.V. raised its stake in shares of BW LPG by 99.3% in the third quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after acquiring 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.