BW LPG (NYSE:BWLP) Raised to Buy at Pareto Securities

BW LPG (NYSE:BWLP) was upgraded by investment analysts at Pareto Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday, Marketbeat.com reports.

BW LPG Trading Down 5.2 %

NYSE:BWLP opened at $12.71 on Thursday. 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 52-week low of $9.95 and a 52-week high of $22.31. The stock’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $13.68.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On BW LPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWLP. Assenagon Asset Management S.A. bought a new stake in BW LPG during the third quarter worth about $11,827,000. The Manufacturers Life Insurance Company bought a new position in shares of BW LPG in the third quarter valued at about $5,653,000. DekaBank Deutsche Girozentrale lifted its position in BW LPG by 33.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after acquiring an additional 12,622 shares during the last quarter. Glenorchy Capital Ltd bought a new stake in shares of BW LPG during the third quarter worth approximately $712,000. Finally, Public Employees Retirement System of Ohio acquired a new position in BW LPG in the 3rd quarter valued at $476,000.

BW LPG Company Profile

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.