BW LPG (NYSE:BWLP) Raised to “Buy” at Clarkson Capital

BW LPG (NYSE:BWLP) was upgraded by stock analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a research report issued on Thursday.

Several other equities research analysts have also commented on BWLP. Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, BW LPG currently has an average rating of “Moderate Buy”.

BW LPG Stock Performance

BWLP opened at $23.30 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. BW LPG has a 12-month low of $11.72 and a 12-month high of $23.89. The firm has a 50 day moving average of $20.44 and a two-hundred day moving average of $19.01. The firm has a market capitalization of $3.53 billion, a PE ratio of 9.79 and a beta of 0.99.

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

Institutional Trading of BW LPG

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of BW LPG in the third quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of BW LPG during the 4th quarter valued at approximately $43,000. Raymond James Financial Inc. purchased a new position in shares of BW LPG during the 2nd quarter valued at approximately $47,000. Pinnacle Holdings LLC acquired a new stake in BW LPG in the 2nd quarter valued at $52,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of BW LPG during the third quarter worth about $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.