A number of research firms have changed their ratings and price targets for GasLog (NYSE: GLOG):

  • 11/13/2018 – GasLog was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/5/2018 – GasLog was downgraded by analysts at DNB Markets from a “buy” rating to a “hold” rating.
  • 11/2/2018 – GasLog was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $20.00 price target on the stock.
  • 11/1/2018 – GasLog was given a new $26.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 10/24/2018 – GasLog was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 10/24/2018 – GasLog was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. 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. “
  • 10/10/2018 – GasLog was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/10/2018 – GasLog is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $27.00 price target on the stock.
  • 10/3/2018 – GasLog was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “

Shares of GasLog stock opened at $20.12 on Tuesday. GasLog Ltd has a 52 week low of $15.75 and a 52 week high of $23.14. The firm has a market capitalization of $1.68 billion, a PE ratio of 2,077.00 and a beta of 1.01. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.50.

GasLog (NYSE:GLOG) last announced its quarterly earnings results on Thursday, November 1st. The shipping company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. GasLog had a return on equity of 0.32% and a net margin of 7.57%. The business had revenue of $158.40 million for the quarter, compared to analyst estimates of $153.59 million. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Equities analysts forecast that GasLog Ltd will post 0.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, November 8th.

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of GasLog by 22.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 113,713 shares of the shipping company’s stock valued at $2,246,000 after purchasing an additional 20,864 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of GasLog in the 3rd quarter valued at $659,000. Man Group plc lifted its stake in shares of GasLog by 3.7% in the 3rd quarter. Man Group plc now owns 525,389 shares of the shipping company’s stock valued at $10,376,000 after purchasing an additional 18,949 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of GasLog in the 3rd quarter valued at $333,000. Finally, Jefferies Group LLC acquired a new position in shares of GasLog in the 3rd quarter valued at $341,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.

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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