BW LPG (NYSE:BWLP) Shares Gap Down – What’s Next?

BW LPG Limited (NYSE:BWLP)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $21.54, but opened at $20.41. BW LPG shares last traded at $21.08, with a volume of 69,338 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on BWLP shares. Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings restated a “hold (c+)” rating on shares of BW LPG in a report on Friday, May 22nd. Wall Street Zen upgraded shares of BW LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

BW LPG Trading Down 0.1%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. The firm’s fifty day simple moving average is $19.72 and its 200-day simple moving average is $16.51. The stock has a market cap of $3.26 billion, a P/E ratio of 9.04 and a beta of 1.08.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. The company 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be paid a $6.196 dividend. The ex-dividend date is Friday, June 12th. This represents a $24.78 annualized dividend and a dividend yield of 115.2%. This is an increase from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s dividend payout ratio (DPR) is presently 112.61%.

Institutional Trading of BW LPG

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of BW LPG by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after acquiring an additional 35,066 shares in the last quarter. Ameriprise Financial Inc. increased its stake in BW LPG by 12.1% during the 3rd 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BW LPG by 8.8% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake in BW LPG by 41.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 560,231 shares of the company’s stock valued at $6,613,000 after purchasing an additional 164,057 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in BW LPG during the 1st quarter valued at $9,646,000.

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.