GasLog (NYSE:GLOG) released its earnings results on Sunday. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02, MarketWatch Earnings reports. GasLog had a negative net margin of 18.58% and a positive return on equity of 1.81%.
Shares of NYSE GLOG traded down $0.10 during mid-day trading on Tuesday, hitting $5.80. 619,622 shares of the company’s stock traded hands, compared to its average volume of 2,263,720. The company has a market capitalization of $551.66 million, a P/E ratio of -3.54 and a beta of 1.34. GasLog has a 1 year low of $2.23 and a 1 year high of $6.50. The company’s 50-day moving average is $4.77 and its two-hundred day moving average is $3.49. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.57 and a quick ratio of 0.54.
A number of research firms have commented on GLOG. Jefferies Financial Group downgraded shares of GasLog from a “buy” rating to a “hold” rating and lifted their target price for the stock from $5.50 to $5.80 in a research report on Tuesday. BTIG Research downgraded shares of GasLog from a “buy” rating to a “neutral” rating in a report on Tuesday. Clarkson Capital cut shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research note on Monday. Stifel Nicolaus cut shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of GasLog from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.91.
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 2, 2020, it operated a fleet of 28 LNG carriers.
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