BW LPG (NYSE:BWLP) Shares Gap Down – Should You Sell?

BW LPG Limited (NYSE:BWLP)’s share price gapped down before the market opened on Friday . The stock had previously closed at $20.53, but opened at $19.68. BW LPG shares last traded at $19.5030, with a volume of 185,609 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on BWLP. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BW LPG has an average rating of “Moderate Buy”.

BW LPG Price Performance

The firm has a market capitalization of $2.95 billion, a P/E ratio of 12.23 and a beta of 1.32. The business has a 50-day moving average of $18.89 and a 200 day moving average of $15.97. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

BW LPG (NYSE:BWLP) last issued its earnings results on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.The business had revenue of $732.40 million during the quarter, compared to analyst estimates of $217.18 million.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were given a $0.5652 dividend. This represents a $2.26 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from BW LPG’s previous quarterly dividend of $0.40. BW LPG’s payout ratio is 142.50%.

Institutional Trading of BW LPG

Several hedge funds have recently bought and sold shares of BWLP. Royal Bank of Canada grew its position in BW LPG by 4,137.5% in the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after purchasing an additional 22,922 shares during the period. Jane Street Group LLC lifted its position in BW LPG by 14.0% in the 1st quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock valued at $558,000 after acquiring an additional 6,331 shares in the last quarter. JPMorgan Chase & Co. lifted its position in BW LPG by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock valued at $100,000 after acquiring an additional 1,749 shares in the last quarter. Quantbot Technologies LP bought a new position in BW LPG in the 2nd quarter valued at about $98,000. Finally, StoneX Group Inc. bought a new position in BW LPG in the 2nd quarter valued at about $190,000.

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.