Wall Street Zen Upgrades BW LPG (NYSE:BWLP) to Buy

Key Points

• Wall Street Zen upgraded BW LPG (NYSE:BWLP) from a "hold" to a "buy" in a research report issued Saturday.
• Analyst sentiment remains mixed overall — one analyst has a Buy, two have Hold and one a Sell, leaving a MarketBeat consensus rating of "Hold".
• BW LPG recently beat quarterly expectations with $0.69 EPS (vs. $0.60 est.) and reported $732.4M in revenue; the stock trades around $17.58 with a market cap of $2.66B and a PE of 10.98.

BW LPG (NYSE:BWLP - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently commented on the stock. Dnb Carnegie cut shares of BW LPG from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 11th. Weiss Ratings restated a "hold (c)" rating on shares of BW LPG in a research note on Wednesday, January 21st. Finally, Kepler Capital Markets downgraded BW LPG from a "strong-buy" rating to a "hold" rating in a report on Friday, March 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

BW LPG Stock Up 0.0%

Shares of NYSE:BWLP opened at $17.58 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 10.98 and a beta of 1.80. The company has a fifty day simple moving average of $16.51 and a 200 day simple moving average of $14.39. The company has a current ratio of 1.50, a quick ratio of 1.21 and a debt-to-equity ratio of 0.42. BW LPG has a 12-month low of $7.86 and a 12-month high of $18.84.

BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.09. The firm had revenue of $732.40 million for the quarter, compared to the consensus estimate of $217.18 million. BW LPG had a net margin of 6.76% and a return on equity of 12.61%.

Institutional Trading of BW LPG

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in BW LPG by 4,137.5% during the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company's stock worth $255,000 after acquiring an additional 22,922 shares during the period. Jane Street Group LLC increased its holdings in shares of BW LPG by 14.0% during the first quarter. Jane Street Group LLC now owns 51,463 shares of the company's stock valued at $558,000 after purchasing an additional 6,331 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of BW LPG by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 8,435 shares of the company's stock valued at $100,000 after purchasing an additional 1,749 shares during the period. Legal & General Group Plc raised its stake in shares of BW LPG by 11.2% during the second quarter. Legal & General Group Plc now owns 117,180 shares of the company's stock valued at $1,381,000 after purchasing an additional 11,831 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of BW LPG during the second quarter valued at about $98,000.

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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