Two investment banks cut their earnings estimates for BW LPG on expectations that the Oslo-listed company's gas carriers could face greater volatility.
Arctic Securities analyst Erik Nikolai Stavseth reduced his estimate for the LPG carrier owner's 2016 earnings before interest, taxation, depreciation and amortisation (ebitda) by 12% to $294m.
He also cut his price target on BW LPG's shares to NOK 52 ($6.24),
