BidaskClub Downgrades GasLog LP. (GLOG) to Hold
BidaskClub lowered shares of GasLog LP. (NYSE:GLOG) from a buy rating to a hold rating in a research report report published on Saturday morning.
GLOG has been the topic of a number of other reports. Zacks Investment Research lowered GasLog LP. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Credit Suisse Group began coverage on GasLog LP. in a research report on Tuesday, April 25th. They issued an outperform rating and a $21.00 target price on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $20.00 target price on shares of GasLog LP. in a research report on Thursday, August 3rd. Morgan Stanley raised GasLog LP. from an equal weight rating to an overweight rating and set a $17.00 price target on the stock in a research report on Tuesday, June 13th. Finally, ValuEngine raised GasLog LP. from a sell rating to a hold rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $19.13.
GasLog LP. (GLOG) opened at 16.90 on Friday. The stock’s 50 day moving average is $16.28 and its 200-day moving average is $15.25. The stock’s market capitalization is $1.36 billion. GasLog LP. has a 12 month low of $12.39 and a 12 month high of $18.35.
GasLog LP. (NYSE:GLOG) last announced its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts expect that GasLog LP. will post $0.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, August 10th. GasLog LP.’s dividend payout ratio is currently -800.00%.
Large investors have recently bought and sold shares of the stock. First Mercantile Trust Co. purchased a new stake in GasLog LP. during the first quarter valued at about $161,000. Tudor Investment Corp ET AL purchased a new stake in GasLog LP. during the first quarter valued at about $182,000. Russell Investments Group Ltd. purchased a new stake in GasLog LP. during the fourth quarter valued at about $204,000. Advisory Services Network LLC purchased a new stake in GasLog LP. during the first quarter valued at about $196,000. Finally, Capital Management Associates NY purchased a new stake in GasLog LP. during the second quarter valued at about $290,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.
GasLog LP. 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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