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

BW LPG Limited (NYSE:BWLP) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research analysts have recently issued reports on the company. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Pareto Securities lowered shares of 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 report on Monday, May 18th.

Hedge Funds Weigh In On BW LPG

Hedge funds have recently added to or reduced their stakes in the company. Amundi increased its stake in shares of BW LPG by 52.9% during the 2nd quarter. Amundi now owns 17,080 shares of the company’s stock worth $298,000 after purchasing an additional 5,909 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of BW LPG during the 2nd quarter worth about $3,626,000. Corient Private Wealth LP bought a new stake in shares of BW LPG in the second quarter valued at approximately $335,000. Bank of America Corp DE bought a new stake in BW LPG in the 2nd quarter valued at $6,218,000. Finally, PDT Partners LLC bought a new stake in shares of BW LPG in the second quarter valued at about $1,467,000.

BW LPG Trading Down 0.4%

Shares of NYSE BWLP opened at $24.77 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 8.43 and a beta of 0.99. BW LPG has a 12-month low of $11.72 and a 12-month high of $25.48. The stock’s 50 day simple moving average is $21.67 and its 200 day simple moving average is $19.69.

BW LPG (NYSE:BWLP) last announced its quarterly 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $318.01 million. BW LPG had a net margin of 12.64% and a return on equity of 22.48%.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $8.8914 per share. The ex-dividend date is Tuesday, September 8th. This represents a $35.57 annualized dividend and a dividend yield of 143.6%. This is an increase from BW LPG’s previous quarterly dividend of $6.20. BW LPG’s dividend payout ratio is presently 91.16%.

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.