GasLog LP (NYSE:GLOG) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.00.
Several research firms have weighed in on GLOG. Jefferies Group restated a “buy” rating on shares of GasLog in a report on Monday, August 22nd. Zacks Investment Research downgraded shares of GasLog from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Finally, Citigroup Inc. upped their price objective on shares of GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 5th.
Shares of GasLog (NYSE:GLOG) traded up 3.40% during mid-day trading on Monday, hitting $15.81. 129,704 shares of the company traded hands. The stock’s market capitalization is $1.27 billion. The firm has a 50-day moving average of $13.74 and a 200-day moving average of $12.75. GasLog has a one year low of $5.24 and a one year high of $15.87.
GasLog (NYSE:GLOG) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. GasLog had a negative net margin of 5.90% and a negative return on equity of 0.70%. The firm had revenue of $114.50 million for the quarter, compared to the consensus estimate of $111.04 million. The business’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts predict that GasLog will post $0.01 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock valued at $177,000 after buying an additional 231 shares in the last quarter. Bank of New York Mellon Corp raised its position in GasLog by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 96,654 shares of the company’s stock valued at $1,255,000 after buying an additional 574 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in GasLog by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,637 shares of the company’s stock valued at $268,000 after buying an additional 808 shares during the last quarter. Advisory Services Network LLC raised its position in GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock valued at $139,000 after buying an additional 1,778 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in GasLog by 4.4% in the second quarter. Cohen & Steers Inc. now owns 48,296 shares of the company’s stock valued at $627,000 after buying an additional 2,038 shares during the last quarter. Institutional investors own 47.66% of the company’s stock.
GasLog Company Profile
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
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