BW LPG (NYSE:BWLP) Stock Price Down 5.7% – What’s Next?

BW LPG Limited (NYSE:BWLPGet Free Report)’s share price dropped 5.7% during trading on Monday . The company traded as low as $20.67 and last traded at $20.3020. Approximately 116,737 shares were traded during trading, a decline of 73% from the average daily volume of 433,519 shares. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

BWLP has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Pareto Securities cut BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Read Our Latest Research Report on BW LPG

BW LPG Trading Down 2.4%

The firm has a market capitalization of $2.84 billion, a PE ratio of 7.89 and a beta of 1.08. 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 stock’s fifty day simple moving average is $19.90 and its 200 day simple moving average is $16.68.

BW LPG (NYSE:BWLPGet Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The business 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be given a $6.196 dividend. The ex-dividend date is 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 132.0%. BW LPG’s dividend payout ratio (DPR) is currently 112.61%.

Institutional Trading of BW LPG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of BW LPG by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 251,070 shares of the company’s stock worth $3,295,000 after purchasing an additional 677 shares in the last quarter. Glenorchy Capital Ltd increased its stake in shares of 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 in the last quarter. Quantbot Technologies LP increased its stake in shares of BW LPG by 10.1% in the third quarter. Quantbot Technologies LP now owns 9,119 shares of the company’s stock worth $130,000 after purchasing an additional 837 shares in the last quarter. Invesco Ltd. increased its stake in shares of BW LPG by 4.3% in the fourth quarter. Invesco Ltd. now owns 26,172 shares of the company’s stock worth $343,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of BW LPG by 24.6% in the second quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after purchasing an additional 1,400 shares in the last quarter.

About BW LPG

(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.

Further Reading

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