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

BW LPG (NYSE:BWLP) was upgraded by stock analysts at Pareto Securities from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports.

BW LPG Price Performance

NYSE BWLP traded up $1.38 on Thursday, reaching $13.32. The company had a trading volume of 660,924 shares, compared to its average volume of 531,787. BW LPG has a 1 year low of $9.95 and a 1 year high of $22.31. The firm has a 50-day moving average of $11.71 and a 200-day moving average of $13.68. 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 (NYSE:BWLP) last announced its earnings results on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On BW LPG

Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new stake in BW LPG in the 3rd quarter worth about $312,000. Optimum Investment Advisors lifted its stake in BW LPG by 644.0% in the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after acquiring an additional 16,100 shares in the last quarter. Glenorchy Capital Ltd purchased a new stake in BW LPG in the 3rd quarter worth about $712,000. U S Global Investors Inc. purchased a new stake in BW LPG in the 3rd quarter worth about $337,000. Finally, Assenagon Asset Management S.A. purchased a new stake in BW LPG in the 3rd quarter worth about $11,827,000.

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.