BW LPG Limited (NYSE:BWLP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BW LPG Limited (NYSE:BWLP) have received a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of research analysts have recently commented on BWLP shares. Weiss Ratings raised BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Clarkson Capital raised BW LPG from a “neutral” rating to a “buy” rating in a report on Thursday, August 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of BW LPG by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after acquiring an additional 35,066 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of BW LPG by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company’s stock valued at $36,131,000 after acquiring an additional 272,882 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BW LPG by 8.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock valued at $16,413,000 after buying an additional 113,275 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of BW LPG by 41.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after purchasing an additional 164,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of BW LPG in the first quarter valued at approximately $9,646,000.

BW LPG Trading Up 0.7%

NYSE BWLP opened at $24.77 on Monday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 8.43 and a beta of 0.99. BW LPG has a twelve month low of $11.72 and a twelve month high of $25.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.29 and a current ratio of 1.44. The firm’s 50 day moving average price is $21.67 and its two-hundred day moving average price is $19.67.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Saturday, August 29th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $318.01 million. BW LPG had a return on equity of 22.48% and a net margin of 12.64%.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, September 8th will be paid a $8.8914 dividend. This represents a $35.57 annualized dividend and a dividend yield of 143.6%. This is an increase from BW LPG’s previous quarterly dividend of $6.20. The ex-dividend date is Tuesday, September 8th. BW LPG’s dividend payout ratio is presently 91.16%.

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.