Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of GasLog from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, January 16th. TheStreet lowered shares of GasLog from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Morgan Stanley lowered shares of GasLog from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $22.00 to $20.00 in a report on Tuesday, January 22nd. Finally, Stifel Nicolaus set a $17.00 price objective on shares of GasLog and gave the stock a “hold” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. GasLog has an average rating of “Hold” and an average target price of $21.42.
NYSE:GLOG opened at $15.09 on Tuesday. GasLog has a 52 week low of $14.63 and a 52 week high of $23.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a market cap of $1.26 billion, a P/E ratio of 26.47 and a beta of 1.25.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Friday, May 3rd. The shipping company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. GasLog had a net margin of 2.70% and a return on equity of 3.14%. The business had revenue of $166.55 million during the quarter, compared to analyst estimates of $152.94 million. During the same period in the prior year, the business earned ($0.01) EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Equities research analysts expect that GasLog will post 0.68 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of GasLog by 3.0% in the 1st quarter. Rhumbline Advisers now owns 60,337 shares of the shipping company’s stock worth $1,053,000 after buying an additional 1,753 shares during the period. Quantamental Technologies LLC purchased a new stake in GasLog during the 4th quarter valued at about $31,000. Bessemer Group Inc. purchased a new stake in GasLog during the 4th quarter valued at about $37,000. Cohen Capital Management Inc. grew its position in GasLog by 0.8% during the 4th quarter. Cohen Capital Management Inc. now owns 330,383 shares of the shipping company’s stock valued at $5,438,000 after purchasing an additional 2,500 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in GasLog by 15.7% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 23,870 shares of the shipping company’s stock valued at $393,000 after purchasing an additional 3,233 shares during the last quarter. 42.99% of the stock is currently owned by hedge funds and other institutional investors.
GasLog Company Profile
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.
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