BW LPG (NYSE:BWLP) Sets New 1-Year Low – Here’s Why

BW LPG Limited (NYSE:BWLP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.95 and last traded at $10.07, with a volume of 227253 shares trading hands. The stock had previously closed at $10.09.

Wall Street Analysts Forecast Growth

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

BW LPG Stock Performance

The company has a market cap of $1.45 billion and a P/E ratio of 4.14. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $12.08 and a two-hundred day moving average price of $12.92.

BW LPG (NYSE:BWLP) last announced its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.27%. BW LPG’s dividend payout ratio (DPR) is currently 63.16%.

Institutional Investors Weigh In On BW LPG

A number of large investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in BW LPG by 0.6% during the fourth quarter. Swiss National Bank now owns 166,377 shares of the company’s stock worth $1,836,000 after buying an additional 1,071 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in BW LPG by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company’s stock worth $4,375,000 after buying an additional 1,175 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in BW LPG during the fourth quarter worth approximately $26,000. XTX Topco Ltd grew its position in BW LPG by 9.1% during the fourth quarter. XTX Topco Ltd now owns 27,995 shares of the company’s stock worth $318,000 after buying an additional 2,324 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in BW LPG by 98.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock worth $67,000 after buying an additional 2,902 shares in the last quarter.

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.