BW LPG Limited (NYSE:BWLP) Given Average Recommendation of “Hold” by Analysts

Shares of BW LPG Limited (NYSE:BWLP) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

A number of research firms recently issued reports on BWLP. Wall Street Zen cut shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th.

Hedge Funds Weigh In On BW LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in BW LPG in the 3rd quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new position in BW LPG in the 4th quarter valued at approximately $43,000. Blue Trust Inc. acquired a new position in BW LPG in the 1st quarter valued at approximately $65,000. Raymond James Financial Inc. bought a new stake in shares of BW LPG in the 2nd quarter valued at $47,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of BW LPG in the 3rd quarter valued at $62,000.

BW LPG Price Performance

BWLP stock opened at $18.11 on Tuesday. The company has a 50 day simple moving average of $19.95 and a 200 day simple moving average of $16.77. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 7.61 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 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 released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. The business 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%.

BW LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th will be given a $6.196 dividend. This is an increase from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 136.9%. BW LPG’s dividend payout ratio is currently 112.61%.

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.