BW LPG (NYSE:BWLP) Upgraded at Clarkson Capital

Clarkson Capital upgraded shares of BW LPG (NYSE:BWLP) from a neutral rating to a buy rating in a research note published on Thursday, Marketbeat.com reports.

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

BW LPG Price Performance

Shares of NYSE BWLP opened at $24.69 on Thursday. The company has a fifty day moving average price of $20.54 and a 200 day moving average price of $19.11. The firm has a market cap of $3.74 billion, a PE ratio of 10.37 and a beta of 0.99. 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 1-year low of $11.72 and a 1-year high of $24.87.

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

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th were issued a $6.196 dividend. This represents a $24.78 annualized dividend and a dividend yield of 100.4%. The ex-dividend date was Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio is 112.61%.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in BW LPG in the third quarter valued at approximately $36,000. Pinnacle Holdings LLC acquired a new position in shares of BW LPG during the 2nd quarter worth approximately $52,000. Global Retirement Partners LLC bought a new stake in shares of BW LPG during the 2nd quarter worth approximately $57,000. Blue Trust Inc. bought a new stake in shares of BW LPG during the 1st quarter worth approximately $65,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of BW LPG in the 2nd quarter valued at approximately $47,000.

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.