BW LPG (NYSE:BWLP) Releases Earnings Results, Beats Expectations By $0.09 EPS

BW LPG (NYSE:BWLP) released its earnings results on Tuesday. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09, RTT News reports. The business had revenue of $158.70 million for the quarter, compared to the consensus estimate of $183.96 million.

BW LPG Stock Down 5.4%

Shares of BWLP stock opened at $10.86 on Thursday. The company has a market cap of $1.43 billion and a price-to-earnings ratio of 4.08. BW LPG has a 1-year low of $7.86 and a 1-year high of $22.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The stock’s fifty day moving average price is $10.34 and its 200 day moving average price is $11.43.

BW LPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.48%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio is currently 63.16%.

Institutional Investors Weigh In On BW LPG

An institutional investor recently raised its position in BW LPG stock. Jane Street Group LLC boosted its position in shares of BW LPG Limited (NYSE:BWLP) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,463 shares of the company’s stock after buying an additional 6,331 shares during the quarter. Jane Street Group LLC’s holdings in BW LPG were worth $558,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

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.