BW LPG (NYSE:BWLP - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, RTT News reports.
BW LPG Trading Down 3.2%
Shares of BWLP stock opened at $11.34 on Tuesday. The stock has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $11.44. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $22.31. The stock has a market capitalization of $1.49 billion and a P/E ratio of 4.26. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.
BW LPG Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, March 10th. This represents a $1.68 annualized dividend and a yield of 14.81%. BW LPG's dividend payout ratio is currently 63.16%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in BW LPG stock. Royal Bank of Canada boosted its stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 4,137.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,476 shares of the company's stock after buying an additional 22,922 shares during the period. Royal Bank of Canada's holdings in BW LPG were worth $255,000 at the end of the most recent reporting period.
Analysts Set New Price Targets
Separately, Pareto Securities raised BW LPG from a "hold" rating to a "buy" rating in a report on Thursday, January 30th.
Get Our Latest Analysis on BWLP
About BW LPG
(
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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.
Further Reading
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