BW LPG (NYSE:BWLP) Upgraded to Buy at Clarkson Capital

Key Points

• Clarkson Capital upgraded BW LPG from “neutral” to “buy,” while the broader analyst consensus remains “Moderate Buy,” with three Buy ratings and two Hold ratings.
• BWLP shares opened at $23.30, near their 52-week high of $23.89, and have risen above both their 50-day and 200-day moving averages. The company has a $3.53 billion market capitalization and a P/E ratio of 9.79.
• BW LPG reported quarterly revenue of $838.89 million and earnings of $1.08 per share, alongside an 18.51% return on equity and a 10.13% net margin.

BW LPG (NYSE:BWLP - Get Free Report) was upgraded by equities researchers at Clarkson Capital from a "neutral" rating to a "buy" rating in a research report issued on Thursday.

Several other analysts also recently weighed in on BWLP. Kepler Capital Markets raised shares of BW LPG from a "hold" rating to a "buy" rating in a research note on Tuesday, April 28th. Pareto Securities downgraded BW LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 16th. Wall Street Zen downgraded BW LPG from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Dnb Carnegie upgraded BW LPG from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of BW LPG from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

BW LPG Price Performance

Shares of BWLP stock opened at $23.30 on Thursday. BW LPG has a 52-week low of $11.72 and a 52-week high of $23.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.79 and a beta of 0.99. The stock has a 50 day moving average price of $20.44 and a 200 day moving average price of $19.01.

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

Hedge Funds Weigh In On BW LPG

Several hedge funds and other institutional investors have recently modified their holdings of BWLP. Advisory Services Network LLC purchased a new stake in BW LPG during the 3rd quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of BW LPG in the fourth quarter worth $43,000. Raymond James Financial Inc. acquired a new stake in shares of BW LPG during the second quarter worth $47,000. Pinnacle Holdings LLC purchased a new stake in shares of BW LPG during the second quarter valued at $52,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of BW LPG during the third quarter valued at $62,000.

About BW LPG

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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