BW LPG Limited (NYSE:BWLP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BW LPG Limited (NYSE:BWLP) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

BWLP has been the topic of several recent research reports. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. Pareto Securities downgraded shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised shares of BW LPG from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after purchasing an additional 22,922 shares in the last quarter. Jane Street Group LLC raised its holdings in BW LPG by 14.0% in the first quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock worth $558,000 after purchasing an additional 6,331 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BW LPG by 26.2% in the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock worth $100,000 after purchasing an additional 1,749 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of BW LPG during the second quarter valued at about $98,000. Finally, StoneX Group Inc. purchased a new stake in shares of BW LPG during the second quarter valued at about $190,000.

BW LPG Price Performance

Shares of BWLP stock opened at $20.82 on Thursday. BW LPG has a twelve month low of $11.72 and a twelve month high of $22.92. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $18.47. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.75 and a beta of 0.99.

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

BW LPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were given a dividend of $6.196 per share. This is a boost from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 119.0%. BW LPG’s payout ratio is 112.61%.

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.