BW LPG (NYSE:BWLP) Lowered to Buy Rating by Wall Street Zen

BW LPG (NYSE:BWLP) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Several other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BW LPG has a consensus rating of “Moderate Buy”.

BW LPG Stock Down 0.1%

Shares of BW LPG stock opened at $21.52 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of 9.04 and a beta of 1.08. BW LPG has a 1 year low of $11.58 and a 1 year high of $22.92. The business has a 50-day moving average of $19.81 and a two-hundred day moving average of $16.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29.

BW LPG (NYSE:BWLP) last announced its earnings results on Friday, May 15th. The company reported $1.08 EPS for the quarter. The firm had revenue of $838.89 million for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BWLP. Advisory Services Network LLC bought a new position in shares of BW LPG in the 3rd quarter worth about $36,000. Global Retirement Partners LLC bought a new stake in BW LPG in the 4th quarter valued at about $43,000. Raymond James Financial Inc. bought a new stake in BW LPG in the 2nd quarter valued at about $47,000. BNP Paribas Financial Markets bought a new stake in BW LPG in the 3rd quarter valued at about $62,000. Finally, Blue Trust Inc. bought a new stake in BW LPG in the 1st quarter valued at about $65,000.

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.