GasLog LP (GLOG) Receives $14.00 Average PT from Analysts
Shares of GasLog LP (NYSE:GLOG) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.
Several research firms recently weighed in on GLOG. Zacks Investment Research cut GasLog from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group reaffirmed a “buy” rating on shares of GasLog in a report on Monday, September 12th. Finally, Citigroup Inc. lifted their price objective on GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, August 5th.
Several institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of 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. Cubist Systematic Strategies LLC acquired a new position in shares of GasLog during the second quarter valued at about $144,000. IFP Advisors Inc raised its position in shares of GasLog by 154.4% in the first quarter. IFP Advisors Inc now owns 11,535 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares during the last quarter. BlackRock Inc. raised its position in shares of GasLog by 389.5% in the second quarter. BlackRock Inc. now owns 11,607 shares of the company’s stock valued at $151,000 after buying an additional 9,236 shares during the last quarter. Finally, BlackRock Advisors LLC raised its position 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 during the last quarter. Institutional investors own 47.66% of the company’s stock.
GasLog (NYSE:GLOG) opened at 16.66 on Monday. GasLog has a 52 week low of $5.24 and a 52 week high of $16.67. The firm’s market cap is $1.34 billion. The stock’s 50 day moving average price is $13.92 and its 200 day moving average price is $12.89.
GasLog (NYSE:GLOG) last released its quarterly earnings results 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. The business earned $114.50 million during the quarter, compared to analysts’ expectations of $111.04 million. GasLog had a negative return on equity of 0.70% and a negative net margin of 5.90%. The firm’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that GasLog will post $0.01 EPS for the current year.
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.
Receive News & Ratings for GasLog LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog LP and related companies with MarketBeat.com's FREE daily email newsletter.