BW LPG (NYSE:BWLP) Downgraded to Strong Sell Rating by Dnb Carnegie

Dnb Carnegie lowered shares of BW LPG (NYSE:BWLP) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks.com reports.

BWLP has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

BW LPG Price Performance

NYSE:BWLP opened at $15.46 on Wednesday. The firm has a market capitalization of $2.34 billion and a price-to-earnings ratio of 9.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.50 and a quick ratio of 1.21. The business has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $14.31. BW LPG has a 1 year low of $7.86 and a 1 year high of $18.84.

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

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be paid a dividend of $5.4297 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $21.72 dividend on an annualized basis and a dividend yield of 140.5%. This is an increase from BW LPG’s previous quarterly dividend of $0.40. BW LPG’s dividend payout ratio is 100.00%.

Hedge Funds Weigh In On BW LPG

Several hedge funds have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC increased its stake in BW LPG by 290.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 50,157 shares of the company’s stock worth $592,000 after purchasing an additional 37,295 shares during the period. Intrua Financial LLC boosted its stake in shares of BW LPG by 14.7% during the second quarter. Intrua Financial LLC now owns 31,150 shares of the company’s stock valued at $369,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of BW LPG during the third quarter valued at $62,000. Raymond James Financial Inc. bought a new position in shares of BW LPG in the second quarter worth about $47,000. Finally, Global Retirement Partners LLC bought a new position in shares of BW LPG in the fourth quarter worth about $43,000.

BW LPG Company Profile

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.