Wall Street Zen Upgrades BW LPG (NYSE:BWLP) to Strong-Buy

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

Several other equities analysts also recently commented on BWLP. Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. 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, BW LPG has an average rating of “Moderate Buy”.

BW LPG Stock Performance

NYSE BWLP opened at $20.46 on Friday. The company has a market cap of $3.10 billion, a P/E ratio of 8.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.24 and a current ratio of 1.47. The business’s 50 day moving average price is $19.36 and its 200-day moving average price is $16.24. BW LPG has a fifty-two week low of $10.96 and a fifty-two week high of $22.92.

BW LPG (NYSE:BWLP) last released its earnings results on Tuesday, June 2nd. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $838.89 million for the quarter, compared to the consensus estimate of $330.60 million. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.

Institutional Investors Weigh In On BW LPG

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of BW LPG by 506.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock worth $731,000 after purchasing an additional 42,736 shares during the last quarter. Vanguard Group Inc. raised its stake in BW LPG by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after buying an additional 35,066 shares during the last quarter. UBS Group AG raised its stake in BW LPG by 14.9% in the fourth quarter. UBS Group AG now owns 299,497 shares of the company’s stock valued at $3,923,000 after buying an additional 38,850 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in BW LPG in the third quarter valued at about $62,000. Finally, Raymond James Financial Inc. purchased a new stake in BW LPG in the second quarter valued at about $47,000.

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.