BW LPG (NYSE:BWLP) Shares Gap Up – Should You Buy?

Shares of BW LPG Limited (NYSE:BWLP) gapped up before the market opened on Friday . The stock had previously closed at $9.72, but opened at $10.25. BW LPG shares last traded at $10.46, with a volume of 66,135 shares traded.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

BW LPG Stock Up 8.2 %

The company’s 50-day moving average is $10.56 and its 200 day moving average is $11.81. The stock has a market capitalization of $1.39 billion and a PE ratio of 3.95. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $127.57 million during the quarter, compared to analysts’ expectations of $183.00 million.

BW LPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.42 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 15.97%. BW LPG’s dividend payout ratio (DPR) is 63.16%.

Institutional Trading of BW LPG

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in BW LPG in the fourth quarter valued at approximately $26,000. Avior Wealth Management LLC boosted its holdings in shares of BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company’s stock valued at $67,000 after acquiring an additional 2,902 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of BW LPG by 101,928.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after acquiring an additional 7,135 shares during the period. SIH Partners LLLP acquired a new position in BW LPG during the fourth quarter valued at $114,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in BW LPG during the 4th quarter worth about $138,000.

BW LPG Company Profile

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.