Shares of BW LPG Limited (NYSE:BWLP – Get 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.
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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:BWLP – Get 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
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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