BW LPG (NYSE:BWLP) Stock Price Down 4.7% - What's Next?

Key Points

• BW LPG shares fell 4.7% to about $23.64 in mid-day trading, with volume down 81% from the average session. Despite the decline, the stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive: three analysts rate BW LPG a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating.
• The company reported quarterly EPS of $1.08 on $838.89 million in revenue and announced a sharply increased dividend. The stated annualized payout implies a 105.2% yield, though the dividend payout ratio is elevated at 112.61%.

BW LPG Limited (NYSE:BWLP - Get Free Report) shares fell 4.7% during trading on Wednesday . The stock traded as low as $23.78 and last traded at $23.6350. 79,030 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 412,036 shares. The stock had previously closed at $24.80.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BWLP. Dnb Carnegie raised BW LPG from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. 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. Wall Street Zen lowered shares of BW LPG from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Clarkson Capital raised shares of BW LPG from a "neutral" rating to a "buy" rating in a report on Thursday, August 20th. Finally, Kepler Capital Markets upgraded shares of BW LPG from a "hold" rating to a "buy" rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, BW LPG has a consensus rating of "Moderate Buy".

BW LPG Trading Down 5.0%

The company has a fifty day moving average of $20.73 and a 200-day moving average of $19.26. 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 company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.90 and a beta of 0.99.

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

BW LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were paid a $6.196 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 105.2%. This is an increase from BW LPG's previous quarterly dividend of $0.57. BW LPG's dividend payout ratio is currently 112.61%.

Institutional Trading of BW LPG

A number of hedge funds have recently bought and sold shares of BWLP. Royal Bank of Canada raised its position in BW LPG by 4,137.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the company's stock valued at $255,000 after purchasing an additional 22,922 shares during the period. Jane Street Group LLC raised its holdings in BW LPG by 14.0% in the 1st 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 period. JPMorgan Chase & Co. lifted its position in BW LPG by 26.2% in the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company's stock valued at $100,000 after buying an additional 1,749 shares during the last quarter. Quantbot Technologies LP purchased a new position in BW LPG during the second quarter worth about $98,000. Finally, StoneX Group Inc. acquired a new stake in shares of BW LPG during the second quarter valued at about $190,000.

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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