BW LPG (NYSE:BWLP) Issues Quarterly Earnings Results

BW LPG (NYSE:BWLP) issued its quarterly earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports.

BW LPG Trading Down 1.9 %

Shares of NYSE:BWLP traded down $0.22 during midday trading on Thursday, reaching $11.43. The company’s stock had a trading volume of 623,483 shares, compared to its average volume of 481,055. The firm has a 50 day moving average of $12.07 and a 200-day moving average of $13.26. 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 12-month low of $9.95 and a 12-month high of $22.31.

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 14.70%. The ex-dividend date was Thursday, December 12th.

Analysts Set New Price Targets

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

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.