BW LPG (NYSE:BWLP) Lowered to Hold Rating by Kepler Capital Markets

BW LPG (NYSE:BWLP) was downgraded by equities research analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Several other research firms have also recently commented on BWLP. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, January 21st. Finally, Dnb Carnegie cut shares of BW LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BW LPG has an average rating of “Hold”.

BW LPG Trading Down 7.5%

NYSE:BWLP opened at $13.59 on Friday. The business’s 50 day moving average is $15.78 and its two-hundred day moving average is $14.30. BW LPG has a 52 week low of $7.86 and a 52 week high of $18.84. The company has a market cap of $2.06 billion and a PE ratio of 8.49. The company has a quick ratio of 1.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.42.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.The business had revenue of $732.40 million for the quarter, compared to analysts’ expectations of $217.18 million.

Institutional Trading of BW LPG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC increased its position in shares of BW LPG by 290.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 50,157 shares of the company’s stock valued at $592,000 after acquiring an additional 37,295 shares during the last quarter. Intrua Financial LLC boosted its position in BW LPG by 14.7% during the 2nd quarter. Intrua Financial LLC now owns 31,150 shares of the company’s stock valued at $369,000 after buying an additional 4,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of BW LPG by 8.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,030 shares of the company’s stock valued at $314,000 after purchasing an additional 1,855 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BW LPG by 53.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,607 shares of the company’s stock worth $518,000 after acquiring an additional 13,871 shares during the period. Finally, Glenorchy Capital Ltd grew its stake in BW LPG by 1.5% in the fourth quarter. Glenorchy Capital Ltd now owns 49,850 shares of the company’s stock worth $653,000 after purchasing an additional 722 shares during the period.

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.