Wall Street Zen Upgrades BW LPG (NYSE:BWLP) to Strong-Buy

BW LPG (NYSE:BWLP) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

BWLP has been the subject of a number of other research reports. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Pareto Securities downgraded shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, BW LPG has an average rating of “Moderate Buy”.

BW LPG Price Performance

Shares of NYSE:BWLP opened at $21.52 on Monday. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.04 and a beta of 1.29. 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 company’s fifty day moving average price is $20.04 and its 200 day moving average price is $17.85.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On BW LPG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in BW LPG by 4,137.5% during the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock worth $255,000 after buying an additional 22,922 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of BW LPG by 14.0% in the first 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. increased its stake in shares of BW LPG by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock worth $100,000 after acquiring an additional 1,749 shares during the period. Quantbot Technologies LP acquired a new position in shares of BW LPG during the second quarter worth about $98,000. Finally, StoneX Group Inc. purchased a new position in BW LPG during the second quarter worth about $190,000.

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.