BW LPG Limited (BWLP) – What Are Analysts Thinking About This Stock?

BW LPG Limited (NYSE:BWLP) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company.

A number of equities analysts have weighed in on the stock. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Pareto Securities upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Weiss Ratings raised shares of BW LPG from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen lowered shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th.

BW LPG Price Performance

Shares of NYSE BWLP opened at $24.46 on Tuesday. The business has a 50-day simple moving average of $24.58 and a two-hundred day simple moving average of $21.53. The company has a market cap of $3.70 billion, a PE ratio of 8.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.18 and a current ratio of 1.44. BW LPG has a fifty-two week low of $11.72 and a fifty-two week high of $26.71.

BW LPG (NYSE:BWLP) last issued its earnings results on Saturday, August 29th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.38). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $318.01 million. BW LPG had a return on equity of 22.48% and a net margin of 12.64%.

BW LPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th were issued a NOK 8.89 dividend. This represents a $35.57 annualized dividend and a yield of 145.4%. The ex-dividend date was Tuesday, September 8th. This is an increase from BW LPG’s previous quarterly dividend of NOK 6.20. BW LPG’s dividend payout ratio (DPR) is currently 129.25%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of BW LPG in the 1st quarter worth approximately $9,646,000. The Manufacturers Life Insurance Company boosted its position in shares of BW LPG by 54.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 387,070 shares of the company’s stock worth $6,799,000 after purchasing an additional 136,000 shares during the period. Bank of America Corp DE purchased a new position in shares of BW LPG during the 2nd quarter worth approximately $6,218,000. Public Employees Retirement System of Ohio acquired a new stake in BW LPG in the 2nd quarter valued at approximately $3,626,000. Finally, Legal & General Group Plc acquired a new stake in BW LPG in the 2nd quarter valued at approximately $2,211,000.

BW LPG Company Profile

BW LPG Limited (NYSE:BWLP) is a Singapore-based maritime transportation company focused on the seaborne transportation of liquefied petroleum gas (LPG). The company owns and operates a fleet of very large gas carriers (VLGCs), which transport propane, butane and other LPG products between major production and consumption markets.

In addition to vessel ownership and operation, BW LPG provides commercial, technical and fleet-management services. The company has invested in LPG dual-fuel propulsion, allowing certain vessels to use LPG as a marine fuel, and participates in related LPG infrastructure and distribution activities through its businesses and affiliates.

BW LPG is part of BW Group, a global maritime organization with activities spanning gas shipping, offshore energy and related services.