Zacks Investment Research cut shares of GasLog (NYSE:GLOG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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. “

GLOG has been the subject of a number of other reports. Morgan Stanley upgraded shares of GasLog from an equal weight rating to a buy rating in a report on Friday, August 24th. ValuEngine upgraded shares of GasLog from a hold rating to a buy rating in a report on Friday, August 3rd. DNB Markets upgraded shares of GasLog from a hold rating to a buy rating and set a $17.80 price target for the company in a report on Wednesday, September 5th. BTIG Research started coverage on shares of GasLog in a report on Wednesday, July 18th. They set a buy rating and a $23.00 price target for the company. Finally, Berenberg Bank started coverage on shares of GasLog in a report on Thursday, September 6th. They set a buy rating and a $22.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $21.78.

GasLog stock traded down $0.28 during mid-day trading on Wednesday, hitting $20.06. 539,919 shares of the company’s stock were exchanged, compared to its average volume of 368,254. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.20 and a quick ratio of 1.17. GasLog has a 1-year low of $15.75 and a 1-year high of $22.55.

GasLog (NYSE:GLOG) last released its quarterly earnings results on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.05). GasLog had a net margin of 5.56% and a negative return on equity of 0.31%. The firm had revenue of $126.61 million for the quarter, compared to the consensus estimate of $139.78 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts anticipate that GasLog will post 0.15 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. bought a new stake in shares of GasLog in the third quarter valued at about $493,000. Northern Trust Corp lifted its stake in shares of GasLog by 19.2% in the second quarter. Northern Trust Corp now owns 501,239 shares of the shipping company’s stock valued at $9,573,000 after buying an additional 80,608 shares during the period. FMR LLC lifted its stake in shares of GasLog by 2.7% in the second quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock valued at $121,270,000 after buying an additional 165,298 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of GasLog by 20.1% in the second quarter. Advisors Asset Management Inc. now owns 92,849 shares of the shipping company’s stock valued at $1,773,000 after buying an additional 15,571 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of GasLog in the second quarter valued at about $4,349,000. Institutional investors own 47.12% of the company’s stock.

GasLog Company Profile

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 February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

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