BW LPG Limited (NYSE:BWLP) price on Friday, May 23, rose 2.82% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.57.
A look at the stock’s price movement, the close in the last trading session was $10.28. The PE ratio in trailing twelve months stood at 5.59. Turning to its 52-week performance, $22.31 and $7.86 were the 52-week high and 52-week low respectively. Overall, BWLP moved 8.74% over the past month.
BW LPG Limited’s market cap currently stands at around $1.60 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 2.42, with its dividend yield at 22.89%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 165.09M for the company’s revenue for the quarter, with a low and high estimate of 164.17M and 166M respectively. The average forecast suggests down to a -8.39% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 788.61M, representing a -0.05% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BWLP is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BWLP’s current price about -1.37% and 1.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.94, while 7-day volatility ratio is 4.42% and 3.27% in the 30-day chart. Further, BW LPG Limited (BWLP) has a beta value of 0, and an average true range (ATR) of 0.44.
If we refocus on BW LPG Limited (NYSE:BWLP), historical trading data shows that trading volumes averaged 450.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 151.66 million shares.
The 45.27% of BW LPG Limited’s shares are in the hands of company insiders while institutional holders own 28.07% of the company’s shares. Current price change has pushed the stock -6.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BWLP stock continues to rise going into the next quarter.
