BW LPG (NYSE:BWLP) Announces Earnings Results

BW LPG (NYSE:BWLP) posted its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19), Zacks reports. BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million.

BW LPG Trading Down 1.2%

BW LPG stock opened at $12.54 on Tuesday. The stock has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $13.28. The stock has a market capitalization of $1.65 billion and a P/E ratio of 8.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27. BW LPG has a 52 week low of $7.86 and a 52 week high of $16.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BWLP. Advisory Services Network LLC acquired a new position in shares of BW LPG during the 3rd quarter worth approximately $36,000. Raymond James Financial Inc. acquired a new position in shares of BW LPG in the second quarter valued at $47,000. BNP Paribas Financial Markets bought a new position in shares of BW LPG in the third quarter valued at about $62,000. Osaic Holdings Inc. lifted its stake in shares of BW LPG by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after buying an additional 1,400 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of BW LPG during the 2nd quarter worth about $98,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.