BW LPG (NYSE:BWLP) Shares Gap Down After Earnings Miss

BW LPG Limited (NYSE:BWLP)’s stock price gapped down before the market opened on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $12.53, but opened at $11.77. BW LPG shares last traded at $11.8160, with a volume of 469,242 shares.

The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The company had revenue of $279.98 million during the quarter, compared to analyst estimates of $242.92 million.

BW LPG Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 12th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 12th. This is an increase from BW LPG’s previous quarterly dividend of $0.22. This represents a $1.60 annualized dividend and a dividend yield of 13.3%. BW LPG’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of BW LPG in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On BW LPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in BW LPG during the 3rd quarter valued at $36,000. Raymond James Financial Inc. bought a new stake in shares of BW LPG in the 2nd quarter worth $47,000. BNP Paribas Financial Markets acquired a new stake in shares of BW LPG in the third quarter valued at $62,000. Optiver Holding B.V. boosted its stake in BW LPG by 99.3% during the third quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after buying an additional 2,263 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in BW LPG by 24.6% during the second quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after acquiring an additional 1,400 shares during the period.

BW LPG Trading Down 4.2%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.22. The business has a fifty day moving average of $13.10 and a 200-day moving average of $13.29. The stock has a market capitalization of $1.58 billion and a price-to-earnings ratio of 7.80.

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.