GasLog LP (GLOG) Lowered to Sell at Zacks Investment Research
According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco. “
Several other research firms have also recently issued reports on GLOG. Jefferies Group reiterated a buy rating on shares of GasLog in a research report on Monday, August 22nd. Citigroup Inc. boosted their price target on GasLog from $13.00 to $15.00 and gave the stock a neutral rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $14.50.
Shares of GasLog (NYSE:GLOG) opened at 16.37 on Tuesday. GasLog has a 1-year low of $5.24 and a 1-year high of $16.80. The firm’s 50-day moving average price is $14.07 and its 200 day moving average price is $12.96. The firm’s market cap is $1.32 billion.
GasLog (NYSE:GLOG) last released its earnings results on Thursday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. GasLog had a negative return on equity of 0.70% and a negative net margin of 5.90%. The company had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $111.04 million. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that GasLog will post $0.01 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of GLOG. IFP Advisors Inc raised its stake in GasLog by 154.4% in the first quarter. IFP Advisors Inc now owns 11,535 shares of the company’s stock worth $112,000 after buying an additional 7,000 shares during the last quarter. Advisory Services Network LLC raised its stake in GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock worth $139,000 after buying an additional 1,778 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in GasLog during the second quarter worth about $144,000. BlackRock Inc. raised its stake in GasLog by 389.5% in the second quarter. BlackRock Inc. now owns 11,607 shares of the company’s stock worth $151,000 after buying an additional 9,236 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock worth $177,000 after buying an additional 231 shares during the last quarter. 47.66% of the stock is currently owned by hedge funds and other institutional investors.
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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