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

BW LPG Limited (NYSE:BWLP) gapped down prior to trading on Tuesday. The stock had previously closed at $22.21, but opened at $20.85. BW LPG shares last traded at $21.4690, with a volume of 138,306 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Pareto Securities upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of BW LPG from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, BW LPG currently has a consensus rating of “Moderate Buy”.

BW LPG Stock Down 3.1%

The stock has a fifty day moving average price of $24.82 and a two-hundred day moving average price of $20.53. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 7.32 and a beta of 1.05. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

BW LPG (NYSE:BWLP) last released its quarterly earnings results on Saturday, August 29th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.38). BW LPG had a net margin of 12.64% and a return on equity of 22.48%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $318.01 million.

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th were issued a NOK 8.89 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $35.57 dividend on an annualized basis and a yield of 165.2%. This is an increase from BW LPG’s previous quarterly dividend of NOK 6.20. BW LPG’s payout ratio is presently 129.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWLP. Pinnacle Holdings LLC bought a new stake in shares of BW LPG during the 2nd quarter worth approximately $52,000. Global Retirement Partners LLC bought a new position in BW LPG in the second quarter valued at approximately $57,000. State of Wyoming bought a new position in BW LPG in the third quarter valued at approximately $99,000. Quantbot Technologies LP acquired a new position in BW LPG during the second quarter valued at approximately $81,000. Finally, Amundi raised its position in BW LPG by 52.9% during the second quarter. Amundi now owns 17,080 shares of the company’s stock valued at $298,000 after purchasing an additional 5,909 shares in the last quarter.

BW LPG Company Profile

BW LPG Limited is a Singapore-based owner and operator of liquefied petroleum gas (LPG) carriers. The company transports LPG by sea, connecting producers with customers and markets around the world.

Its fleet includes very large gas carriers and other LPG vessels designed to carry large volumes of gas. BW LPG also provides LPG distribution services in India, extending its business beyond maritime transportation into the downstream supply chain.