BW LPG (NYSE:BWLP) Downgraded to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded BW LPG from “strong buy” to “buy,” while analyst coverage remains favorable overall with a consensus “Moderate Buy” rating.
• BW LPG shares opened at $21.66, up 0.4%, near their 12-month high of $22.92; the company has a $3.28 billion market capitalization and a price-to-earnings ratio of 9.10.
• The LPG carrier operator reported quarterly EPS of $1.08 on $838.89 million in revenue, with a 10.13% net margin and 18.51% return on equity.

BW LPG (NYSE:BWLP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the company. Pareto Securities downgraded BW LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 16th. Weiss Ratings upgraded BW LPG from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 15th. Dnb Carnegie upgraded BW LPG from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Finally, Kepler Capital Markets raised BW LPG from a "hold" rating to a "buy" rating in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, BW LPG presently has a consensus rating of "Moderate Buy".

BW LPG Stock Up 0.4%

Shares of NYSE BWLP opened at $21.66 on Friday. The firm has a fifty day simple moving average of $20.14 and a two-hundred day simple moving average of $18.54. BW LPG has a 12 month low of $11.72 and a 12 month high of $22.92. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.28 billion, a PE ratio of 9.10 and a beta of 0.99.

BW LPG (NYSE:BWLP - Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%. The company had revenue of $838.89 million for the quarter.

Hedge Funds Weigh In On BW LPG

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of BW LPG in the 3rd quarter worth approximately $36,000. Global Retirement Partners LLC bought a new position in BW LPG during the 2nd quarter valued at approximately $57,000. Blue Trust Inc. purchased a new position in BW LPG during the first quarter valued at $65,000. Raymond James Financial Inc. purchased a new position in BW LPG during the second quarter valued at $47,000. Finally, BNP Paribas Financial Markets bought a new stake in BW LPG in the third quarter worth $62,000.

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.

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