BW LPG (NYSE:BWLP) Rating Lowered to “Hold” at Kepler Capital Markets

BW LPG (NYSE:BWLP) was downgraded by Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other research firms also recently issued reports on BWLP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. Clarkson Capital upgraded BW LPG from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Dnb Carnegie lowered BW LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

BW LPG Trading Down 7.5%

Shares of BWLP stock opened at $13.59 on Friday. The company has a market cap of $2.06 billion and a PE ratio of 8.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.50. The stock’s fifty day moving average price is $15.78 and its two-hundred day moving average price is $14.29. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $18.84.

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

Institutional Investors Weigh In On BW LPG

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in BW LPG by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after acquiring an additional 35,066 shares during the last quarter. Ameriprise Financial Inc. lifted its position in BW LPG by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company’s stock valued at $36,131,000 after purchasing an additional 272,882 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BW LPG by 8.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,395,760 shares of the company’s stock valued at $16,413,000 after purchasing an additional 113,275 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of BW LPG by 41.4% in the second quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock worth $6,613,000 after purchasing an additional 164,057 shares during the last quarter. Finally, Fearnley Asset Management AS purchased a new position in shares of BW LPG in the fourth quarter worth $5,388,000.

BW LPG Company Profile

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.