BW LPG (NYSE:BWLP) Stock Price Down 5.7% – Here’s Why

BW LPG Limited (NYSE:BWLP)’s stock price fell 5.7% during mid-day trading on Monday . The stock traded as low as $20.67 and last traded at $20.3020. 116,737 shares were traded during mid-day trading, a decline of 73% from the average session volume of 433,519 shares. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BWLP. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research note on Friday, May 22nd. 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, Wall Street Zen lowered shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

BW LPG Trading Down 4.7%

The stock’s 50 day moving average is $19.81 and its two-hundred day moving average is $16.57. The company has a market capitalization of $3.11 billion, a PE ratio of 8.62 and a beta of 1.08. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%. The company had revenue of $838.89 million during the quarter.

BW LPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be issued a $6.196 dividend. The ex-dividend date is Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a dividend yield of 120.8%. This is an increase from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio (DPR) is 112.61%.

Institutional Trading of BW LPG

A number of institutional investors have recently modified their holdings of BWLP. Advisory Services Network LLC bought a new stake in shares of BW LPG in the 3rd quarter valued at about $36,000. Global Retirement Partners LLC acquired a new stake in shares of BW LPG in the 4th quarter worth $43,000. Raymond James Financial Inc. acquired a new stake in shares of BW LPG in the 2nd quarter worth $47,000. BNP Paribas Financial Markets acquired a new stake in shares of BW LPG in the 3rd quarter worth $62,000. Finally, Blue Trust Inc. acquired a new stake in shares of BW LPG in the 1st quarter worth $65,000.

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.