BW LPG (NYSE:BWLP) Stock Rating Lowered by Dnb Carnegie

BW LPG (NYSE:BWLP) was downgraded by equities researchers at Dnb Carnegie from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

BWLP has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

BW LPG Price Performance

Shares of BWLP opened at $14.72 on Wednesday. The business has a 50-day moving average of $15.77 and a 200-day moving average of $14.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.50 and a quick ratio of 1.21. The company has a market capitalization of $2.23 billion and a price-to-earnings ratio of 9.20. BW LPG has a 1 year low of $7.86 and a 1 year high of $18.84.

BW LPG (NYSE:BWLP) last announced its earnings results on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.The business had revenue of $732.40 million for the quarter, compared to analysts’ expectations of $217.18 million.

Institutional Investors Weigh In On BW LPG

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of BW LPG by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 251,070 shares of the company’s stock worth $3,295,000 after purchasing an additional 677 shares during the period. Glenorchy Capital Ltd grew its position in BW LPG by 1.5% in the 4th quarter. Glenorchy Capital Ltd now owns 49,850 shares of the company’s stock valued at $653,000 after purchasing an additional 722 shares during the period. Quantbot Technologies LP increased its stake in BW LPG by 10.1% during the 3rd quarter. Quantbot Technologies LP now owns 9,119 shares of the company’s stock valued at $130,000 after purchasing an additional 837 shares in the last quarter. Invesco Ltd. raised its holdings in BW LPG by 4.3% during the fourth quarter. Invesco Ltd. now owns 26,172 shares of the company’s stock worth $343,000 after buying an additional 1,076 shares during the last quarter. Finally, Osaic Holdings Inc. raised 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 buying an additional 1,400 shares during the last quarter.

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.