BW LPG (NYSE:BWLP - Get Free Report) issued its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.09, RTT News reports. The business had revenue of $158.70 million during the quarter, compared to analysts' expectations of $183.96 million.
BW LPG Trading Up 2.7%
Shares of BW LPG stock traded up $0.28 on Friday, hitting $10.56. The stock had a trading volume of 551,717 shares, compared to its average volume of 393,339. 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 has a one year low of $7.86 and a one year high of $22.31. The stock's 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $11.39. The stock has a market cap of $1.39 billion and a price-to-earnings ratio of 3.97.
BW LPG Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.28 per share. This represents a dividend yield of 10.6%. The ex-dividend date is Friday, May 30th. BW LPG's dividend payout ratio (DPR) is presently 63.16%.
Institutional Investors Weigh In On BW LPG
A hedge fund recently raised its stake in BW LPG stock. Jane Street Group LLC grew its position in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,463 shares of the company's stock after acquiring an additional 6,331 shares during the period. Jane Street Group LLC's holdings in BW LPG were worth $558,000 as of its most recent SEC filing.
Analyst Ratings Changes
Separately, Pareto Securities raised BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.
Read Our Latest Research Report on BW LPG
BW LPG Company Profile
(
Get Free Report)
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.
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