BW LPG Limited (NYSE:BWLP) Given Average Recommendation of “Moderate Buy” by Analysts

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

BWLP has been the subject of a number of research reports. Wall Street Zen lowered BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Hedge Funds Weigh In On BW LPG

A number of institutional investors and hedge funds have recently made changes to their positions in BWLP. Ameriprise Financial Inc. lifted its holdings in shares of BW LPG by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $26,704,000 after acquiring an additional 579,987 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in BW LPG in the first quarter worth about $9,646,000. Fearnley Asset Management AS purchased a new position in BW LPG in the fourth quarter worth about $5,388,000. Millennium Management LLC bought a new stake in BW LPG during the fourth quarter worth approximately $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in BW LPG by 115,776.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock worth $2,549,000 after acquiring an additional 203,766 shares during the last quarter.

BW LPG Stock Down 0.1%

Shares of BWLP stock opened at $20.39 on Friday. The stock has a market cap of $3.09 billion, a P/E ratio of 8.57 and a beta of 1.29. BW LPG has a 52 week low of $11.72 and a 52 week high of $22.92. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $20.01 and its two-hundred day simple moving average is $17.70.

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

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were paid a dividend of $6.196 per share. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 dividend on an annualized basis and a yield of 121.6%. BW LPG’s payout ratio is currently 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.