TheStreet upgraded shares of GasLog (NYSE:GLOG) from a c+ rating to a b rating in a report issued on Friday.

GLOG has been the topic of several other reports. Deutsche Bank assumed coverage on GasLog in a report on Wednesday, October 10th. They set a buy rating and a $27.00 target price on the stock. Morgan Stanley upgraded GasLog from an equal weight rating to a buy rating in a report on Friday, August 24th. Zacks Investment Research lowered GasLog from a buy rating to a hold rating in a report on Wednesday, October 10th. ValuEngine upgraded GasLog from a buy rating to a strong-buy rating in a report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. upgraded GasLog from an underweight rating to a neutral rating and set a $20.00 target price on the stock in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. GasLog presently has an average rating of Buy and an average target price of $22.28.

NYSE:GLOG opened at $20.12 on Friday. GasLog has a 12-month low of $15.75 and a 12-month high of $23.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $1.68 billion, a PE ratio of 2,077.00 and a beta of 1.01.

GasLog (NYSE:GLOG) last posted its quarterly earnings results on Thursday, November 1st. The shipping company reported $0.11 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.05 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. Analysts forecast that GasLog will post 0.32 EPS for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of GLOG. FMR LLC lifted its holdings 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 purchasing an additional 165,298 shares in the last quarter. Eagle Global Advisors LLC lifted its holdings in shares of GasLog by 11.1% in the second quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock valued at $77,916,000 after purchasing an additional 407,271 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of GasLog by 11.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,487,373 shares of the shipping company’s stock valued at $68,876,000 after purchasing an additional 353,300 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of GasLog by 1.2% in the third quarter. BlackRock Inc. now owns 2,010,306 shares of the shipping company’s stock valued at $39,703,000 after purchasing an additional 23,404 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of GasLog by 3.6% in the third quarter. Renaissance Technologies LLC now owns 888,000 shares of the shipping company’s stock valued at $17,538,000 after purchasing an additional 30,900 shares in the last quarter. Hedge funds and other institutional investors own 45.42% 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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