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

BW LPG Limited (NYSE:BWLP) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

BWLP has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. Wall Street Zen cut BW LPG from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Finally, Pareto Securities downgraded BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Institutional Investors Weigh In On BW LPG

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in BW LPG by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock valued at $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 during the 1st quarter worth about $9,646,000. Fearnley Asset Management AS acquired a new stake in shares of BW LPG in the 4th quarter worth approximately $5,388,000. Millennium Management LLC acquired a new stake in shares of BW LPG in the 4th quarter worth approximately $5,027,000. Finally, Bank of America Corp DE bought a new position in shares of BW LPG in the second quarter valued at approximately $6,218,000.

BW LPG Stock Down 0.2%

BW LPG stock opened at $23.90 on Monday. The company has a 50-day simple moving average of $21.07 and a 200-day simple moving average of $19.42. The firm has a market capitalization of $3.62 billion, a P/E ratio of 8.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. BW LPG has a one year low of $11.72 and a one year high of $25.48.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, August 28th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $318.01 million. BW LPG had a return on equity of 22.75% and a net margin of 12.64%.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $8.8914 per share. This represents a $35.57 dividend on an annualized basis and a dividend yield of 148.8%. This is a positive change from BW LPG’s previous quarterly dividend of $6.20. The ex-dividend date of this dividend is Tuesday, September 8th. BW LPG’s dividend payout ratio is 91.16%.

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.