GasLog (GLOG) Stock Price Down 8.1%

Shares of GasLog Ltd (NYSE:GLOG) traded down 8.1% during trading on Friday . The stock traded as low as $15.80 and last traded at $15.80. 1,022,200 shares changed hands during mid-day trading, an increase of 115% from the average session volume of 474,351 shares. The stock had previously closed at $17.20.

Several analysts have commented on the company. JPMorgan Chase & Co. cut GasLog from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $17.00 to $18.00 in a report on Friday. Zacks Investment Research upgraded GasLog from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Seaport Global Securities restated a “buy” rating and issued a $23.00 price target on shares of GasLog in a report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target (up previously from $19.00) on shares of GasLog in a report on Saturday, February 17th. Finally, Morgan Stanley cut GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a report on Monday, February 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. GasLog currently has an average rating of “Hold” and a consensus price target of $20.54.

The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.39. The company has a market capitalization of $1,424.62, a price-to-earnings ratio of 225.71 and a beta of 1.30.

GasLog (NYSE:GLOG) last issued its earnings results on Friday, February 16th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.08). GasLog had a return on equity of 0.16% and a net margin of 2.95%. The firm had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $135.72 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts anticipate that GasLog Ltd will post 0.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, March 2nd. GasLog’s payout ratio is currently 800.00%.

Several large investors have recently modified their holdings of GLOG. Vanguard Group Inc. grew its holdings in shares of GasLog by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 212,770 shares of the shipping company’s stock worth $3,245,000 after purchasing an additional 2,913 shares during the period. State Street Corp grew its holdings in shares of GasLog by 7.2% during the 2nd quarter. State Street Corp now owns 767,443 shares of the shipping company’s stock worth $11,706,000 after purchasing an additional 51,873 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of GasLog by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,429 shares of the shipping company’s stock worth $479,000 after purchasing an additional 821 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of GasLog by 444.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock worth $13,487,000 after purchasing an additional 630,846 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of GasLog by 9.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 66,513 shares of the shipping company’s stock worth $1,161,000 after purchasing an additional 5,610 shares during the period. Institutional investors and hedge funds own 48.66% of the company’s stock.

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GasLog Company Profile

GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.

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