BW LPG (NYSE:BWLP) Shares Gap Down on Disappointing Earnings

BW LPG Limited (NYSE:BWLP)’s stock price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. 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 changing hands.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On BW LPG

A number of large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of BW LPG in the third quarter valued at about $36,000. Raymond James Financial Inc. acquired a new stake in BW LPG in the second quarter valued at about $47,000. BNP Paribas Financial Markets acquired a new stake in BW LPG in the third quarter valued at about $62,000. Optiver Holding B.V. boosted its holdings in BW LPG by 99.3% in the 3rd quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after purchasing an additional 2,263 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in BW LPG by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock worth $84,000 after purchasing an additional 1,400 shares during the period.

BW LPG Trading Down 4.1%

The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $13.17 and a 200-day moving average price of $13.28. The firm has a market capitalization of $1.58 billion and a PE 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.