GasLog (NYSE:GLOG) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
GasLog (NYSE:GLOG) posted its quarterly earnings data on Sunday. The shipping company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02, MarketWatch Earnings reports. GasLog had a negative net margin of 18.58% and a positive return on equity of 1.81%.
Shares of NYSE GLOG traded down $0.04 during trading hours on Tuesday, hitting $5.86. The stock had a trading volume of 734,016 shares, compared to its average volume of 2,263,720. The company has a market capitalization of $557.37 million, a P/E ratio of -3.52 and a beta of 1.34. The firm’s 50-day moving average price is $4.77 and its two-hundred day moving average price is $3.49. GasLog has a 52 week low of $2.23 and a 52 week high of $6.50. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.54 and a current ratio of 0.57.
GLOG has been the subject of several research analyst reports. Clarkson Capital downgraded shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Monday. BTIG Research cut shares of GasLog from a “buy” rating to a “neutral” rating in a research report on Tuesday. Jefferies Financial Group cut shares of GasLog from a “buy” rating to a “hold” rating and boosted their price target for the stock from $5.50 to $5.80 in a research report on Tuesday. Zacks Investment Research upgraded shares of GasLog from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, February 3rd. Finally, Stifel Nicolaus downgraded GasLog from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.91.
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 March 2, 2020, it operated a fleet of 28 LNG carriers.
Read More: Basic Economics
Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.