Dnb Carnegie Upgrades BW LPG (NYSE:BWLP) to “Hold”

BW LPG (NYSE:BWLP) was upgraded by equities researchers at Dnb Carnegie from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

BW LPG Trading Up 0.3%

Shares of BWLP stock opened at $21.12 on Monday. BW LPG has a 52-week low of $10.16 and a 52-week high of $21.41. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 13.20 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.53. The firm has a fifty day moving average of $17.90 and a 200-day moving average of $15.50.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a net margin of 6.76% and a return on equity of 12.61%. The company had revenue of $732.40 million during the quarter, compared to analysts’ expectations of $217.18 million.

Institutional Investors Weigh In On BW LPG

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of BW LPG by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after purchasing an additional 35,066 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of BW LPG by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company’s stock worth $36,131,000 after purchasing an additional 272,882 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BW LPG by 8.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock worth $16,413,000 after purchasing an additional 113,275 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of BW LPG by 41.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after purchasing an additional 164,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in BW LPG during the 1st quarter worth about $9,646,000.

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.