BW LPG (NYSE:BWLP) Sets New 52-Week Low – What’s Next?

by · The Cerbat Gem

BW LPG Limited (NYSE:BWLP – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.74 and last traded at $8.85, with a volume of 77924 shares traded. The stock had previously closed at $10.23.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

Read Our Latest Analysis on BW LPG

BW LPG Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The firm’s 50 day moving average is $11.80 and its 200-day moving average is $12.51. The company has a market cap of $1.15 billion and a PE ratio of 3.28.

BW LPG (NYSE:BWLP – Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 19.24%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Trading of BW LPG

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of BW LPG by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company’s stock valued at $35,013,000 after acquiring an additional 13,010 shares during the period. Amundi raised its stake in shares of BW LPG by 22.4% in the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after acquiring an additional 404,323 shares in the last quarter. Barclays PLC boosted its stake in shares of BW LPG by 6.0% in the 4th quarter. Barclays PLC now owns 1,546,077 shares of the company’s stock valued at $17,563,000 after buying an additional 86,909 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BW LPG by 10.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company’s stock valued at $8,751,000 after purchasing an additional 75,699 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after buying an additional 660,269 shares in the last quarter.

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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