BW LPG (NYSE:BWLP) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of BW LPG (NYSE:BWLP) from a buy rating to a strong-buy rating in a report published on Monday.

Other equities analysts have also issued reports about the company. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

BW LPG Trading Up 3.6%

BW LPG stock opened at $21.11 on Monday. The firm has a 50 day simple moving average of $20.02 and a 200-day simple moving average of $17.79. 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 stock has a market capitalization of $3.19 billion, a PE ratio of 8.87 and a beta of 1.29. BW LPG has a 12-month low of $11.72 and a 12-month high of $22.92.

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

BW LPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were given a $6.196 dividend. This represents a $24.78 annualized dividend and a dividend yield of 117.4%. This is an increase from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. BW LPG’s payout ratio is 112.61%.

Institutional Investors Weigh In On BW LPG

A number of large investors have recently made changes to their positions in BWLP. Advisory Services Network LLC acquired a new position in BW LPG in the 3rd quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new position in BW LPG during the 4th quarter worth approximately $43,000. Blue Trust Inc. acquired a new stake in BW LPG during the 1st quarter valued at $65,000. Raymond James Financial Inc. acquired a new stake in BW LPG during the 2nd quarter valued at $47,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of BW LPG in the third quarter valued at $62,000.

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.