BidaskClub cut shares of GasLog LP. (NYSE:GLOG) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other equities analysts have also commented on the company. Morgan Stanley raised GasLog LP. from an equal weight rating to an overweight rating and set a $17.00 price target for the company in a research note on Tuesday, June 13th. ValuEngine raised GasLog LP. from a sell rating to a hold rating in a research note on Friday, June 2nd. Zacks Investment Research lowered GasLog LP. from a hold rating to a sell rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a buy rating and set a $20.00 price target on shares of GasLog LP. in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GasLog LP. currently has an average rating of Buy and a consensus price target of $18.98.

GasLog LP. (NYSE:GLOG) traded up 0.59% during mid-day trading on Tuesday, reaching $16.95. The company had a trading volume of 100,681 shares. GasLog LP. has a 1-year low of $12.70 and a 1-year high of $18.35. The firm has a 50-day moving average of $16.77 and a 200 day moving average of $15.26. The company’s market capitalization is $1.36 billion.

GasLog LP. (NYSE:GLOG) last announced its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The firm had revenue of $129.90 million for the quarter, compared to the consensus estimate of $128.14 million. During the same period in the previous year, the company posted ($0.01) earnings per share. GasLog LP.’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that GasLog LP. will post $0.10 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 14th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 10th. GasLog LP.’s payout ratio is -800.00%.

Several large investors have recently bought and sold shares of GLOG. Teachers Advisors LLC lifted its stake in shares of GasLog LP. by 2.5% in the 4th quarter. Teachers Advisors LLC now owns 68,520 shares of the shipping company’s stock valued at $1,103,000 after purchasing an additional 1,678 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of GasLog LP. by 112.8% in the 1st quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock valued at $880,000 after purchasing an additional 30,406 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of GasLog LP. by 108.0% in the 1st quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock valued at $399,000 after purchasing an additional 13,500 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of GasLog LP. by 235.0% in the 1st quarter. Wells Fargo & Company MN now owns 175,555 shares of the shipping company’s stock valued at $2,695,000 after purchasing an additional 123,146 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of GasLog LP. by 66,500.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 66,600 shares of the shipping company’s stock valued at $1,022,000 after purchasing an additional 66,500 shares during the last quarter. 48.51% of the stock is 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.

Analyst Recommendations for GasLog LP. (NYSE:GLOG)

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