BW LPG (NYSE:BWLP) Cut to “Strong Sell” at Dnb Carnegie

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

Other research analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of BW LPG in a research note on Wednesday, January 21st. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BW LPG currently has an average rating of “Hold”.

BW LPG Stock Down 10.4%

Shares of BW LPG stock opened at $15.46 on Wednesday. The stock has a market capitalization of $2.34 billion and a P/E ratio of 9.66. The company has a quick ratio of 1.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $15.73 and a two-hundred day moving average price of $14.31. BW LPG has a 12-month low of $7.86 and a 12-month high of $18.84.

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

Institutional Trading of BW LPG

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in BW LPG by 4,137.5% in the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock worth $255,000 after purchasing an additional 22,922 shares during the last quarter. Jane Street Group LLC raised its position in shares of BW LPG by 14.0% during the first quarter. Jane Street Group LLC now owns 51,463 shares of the company’s stock valued at $558,000 after buying an additional 6,331 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of BW LPG by 290.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 50,157 shares of the company’s stock valued at $592,000 after buying an additional 37,295 shares during the period. Intrua Financial LLC lifted its stake in shares of BW LPG by 14.7% in the second quarter. Intrua Financial LLC now owns 31,150 shares of the company’s stock valued at $369,000 after buying an additional 4,000 shares during the period. Finally, JPMorgan Chase & Co. grew its position in BW LPG by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company’s stock worth $100,000 after buying an additional 1,749 shares in the last quarter.

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.