GasLog LP (NYSE:GLOG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 topic of several other research reports. Jefferies Group reissued a “buy” rating on shares of GasLog in a research note on Monday, September 12th. Citigroup Inc. boosted their price objective on shares of GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.50.
GasLog (NYSE:GLOG) opened at 16.66 on Tuesday. GasLog has a 12-month low of $5.24 and a 12-month high of $16.67. The company has a 50-day moving average of $13.92 and a 200 day moving average of $12.89. The company’s market capitalization is $1.34 billion.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. GasLog had a negative net margin of 5.90% and a negative return on equity of 0.70%. The business had revenue of $114.50 million for the quarter, compared to analyst estimates of $111.04 million. The company’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that GasLog will post $0.01 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC boosted its position in GasLog by 7.4% in the second quarter. BlackRock Investment Management LLC now owns 165,613 shares of the company’s stock valued at $2,150,000 after buying an additional 11,429 shares during the last quarter. BlackRock Advisors LLC boosted its position in GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock valued at $177,000 after buying an additional 231 shares during the last quarter. Vanguard Group Inc. boosted its position in GasLog by 142.2% in the second quarter. Vanguard Group Inc. now owns 190,360 shares of the company’s stock valued at $2,471,000 after buying an additional 111,751 shares during the last quarter. Global X Management Co. LLC boosted its position in GasLog by 7.9% in the second quarter. Global X Management Co. LLC now owns 757,509 shares of the company’s stock valued at $9,832,000 after buying an additional 55,302 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in GasLog by 194.3% in the second quarter. JPMorgan Chase & Co. now owns 248,515 shares of the company’s stock valued at $3,225,000 after buying an additional 164,077 shares during the last quarter. 47.66% of the stock is owned by hedge funds and other institutional investors.
GasLog Company Profile
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.