BW LPG (NYSE:BWLP) Stock Rating Upgraded by Wall Street Zen

BW LPG (NYSE:BWLP) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the stock. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued 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 note on Monday, May 18th. Finally, Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG currently has a consensus rating of “Hold”.

BW LPG Stock Up 0.0%

BW LPG stock opened at $18.11 on Monday. BW LPG has a 1-year low of $11.58 and a 1-year high of $22.92. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 7.61 and a beta of 1.09. The firm’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $16.80. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

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

Hedge Funds Weigh In On BW LPG

Several hedge funds have recently modified their holdings of BWLP. Vanguard Group Inc. boosted its stake in shares of BW LPG by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after buying an additional 35,066 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BW LPG by 506.7% during the third quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock valued at $731,000 after acquiring an additional 42,736 shares during the last quarter. Fearnley Asset Management AS purchased a new stake in shares of BW LPG during the fourth quarter valued at approximately $5,388,000. UBS Group AG lifted its holdings in BW LPG by 14.9% during the fourth quarter. UBS Group AG now owns 299,497 shares of the company’s stock worth $3,923,000 after acquiring an additional 38,850 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in BW LPG during the fourth quarter worth $568,000.

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.