BW LPG Limited (NYSE:BWLP) Receives Average Rating of “Hold” from Brokerages

Shares of BW LPG Limited (NYSE:BWLPGet Free Report) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

A number of brokerages have weighed in on BWLP. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded BW LPG from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th.

Get Our Latest Research Report on BW LPG

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in BW LPG by 18.8% in the 1st quarter. Bank of America Corp DE now owns 74,786 shares of the company’s stock valued at $1,299,000 after purchasing an additional 11,819 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of BW LPG by 54.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 387,070 shares of the company’s stock worth $6,799,000 after acquiring an additional 136,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of BW LPG by 133.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 98,433 shares of the company’s stock worth $1,729,000 after acquiring an additional 56,347 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of BW LPG in the 1st quarter worth $9,646,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BW LPG in the 1st quarter worth $183,000.

BW LPG Trading Up 4.3%

Shares of NYSE:BWLP opened at $18.88 on Tuesday. BW LPG has a 1 year low of $11.58 and a 1 year high of $22.92. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29. The business’s 50 day moving average price is $19.96 and its 200-day moving average price is $16.85.

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

BW LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be issued a $6.196 dividend. This represents a $24.78 dividend on an annualized basis and a yield of 131.3%. The ex-dividend date is Friday, June 12th. This is an increase from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s payout ratio is 112.61%.

BW LPG Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BW LPG (NYSE:BWLP)

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