Clarkson Capital Upgrades BW LPG (NYSE:BWLP) to “Buy”

BW LPG (NYSE:BWLP) was upgraded by investment analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG presently has an average rating of “Moderate Buy”.

BW LPG Price Performance

NYSE:BWLP opened at $12.63 on Wednesday. BW LPG has a 12-month low of $7.86 and a 12-month high of $16.60. The firm has a market cap of $1.66 billion and a price-to-earnings ratio of 11.18. The company’s 50-day moving average is $12.99 and its two-hundred day moving average is $13.28. The company has a current ratio of 1.47, a quick ratio of 1.22 and a debt-to-equity ratio of 0.45.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $242.92 million. BW LPG had a net margin of 4.57% and a return on equity of 8.78%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in BW LPG during the third quarter worth approximately $36,000. Raymond James Financial Inc. purchased a new position in shares of BW LPG in the 2nd quarter valued at $47,000. BNP Paribas Financial Markets acquired a new position in shares of BW LPG during the 3rd quarter valued at $62,000. Optiver Holding B.V. lifted its holdings in shares of BW LPG by 99.3% during the 3rd quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after acquiring an additional 2,263 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in 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 purchasing an additional 1,400 shares during the period.

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.