BW LPG (NYSE:BWLP – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.
Several other analysts also recently issued reports on BWLP. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Finally, Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on BWLP
BW LPG Trading Down 0.4%
BW LPG (NYSE:BWLP – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The firm had revenue of $838.89 million during the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.
Institutional Investors Weigh In On BW LPG
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of BW LPG by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after buying an additional 579,987 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of BW LPG in the first quarter valued at about $9,646,000. Fearnley Asset Management AS purchased a new stake in BW LPG in the fourth quarter worth about $5,388,000. Millennium Management LLC purchased a new stake in BW LPG in the fourth quarter worth about $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in BW LPG by 115,776.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock worth $2,549,000 after acquiring an additional 203,766 shares in the last quarter.
About BW LPG
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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