GasLog LP (NYSE:GLOG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
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. “
Other analysts also recently issued reports about the company. Jefferies Group reaffirmed a “buy” rating on shares of GasLog in a report on Monday, August 22nd. Citigroup Inc. lifted their price target on GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.00.
Shares of GasLog (NYSE:GLOG) traded down 2.74% on Monday, hitting $15.95. The stock had a trading volume of 199,806 shares. The company’s market cap is $1.28 billion. GasLog has a 12-month low of $5.24 and a 12-month high of $17.20. The stock has a 50 day moving average price of $16.08 and a 200-day moving average price of $13.95.
GasLog (NYSE:GLOG) last released its earnings results on Thursday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm earned $120.72 million during the quarter, compared to analyst estimates of $120.73 million. GasLog had a negative return on equity of 0.14% and a negative net margin of 10.57%. GasLog’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 24th. Stockholders of record on Monday, November 14th were given a dividend of $0.1046 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, November 9th. GasLog’s dividend payout ratio (DPR) is currently -74.67%.
Several hedge funds have recently bought and sold shares of GLOG. Meeder Asset Management Inc. purchased a new stake in GasLog during the first quarter worth approximately $193,000. Strs Ohio purchased a new stake in GasLog during the second quarter worth approximately $237,000. Advisory Services Network LLC boosted its stake in GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock worth $139,000 after buying an additional 1,778 shares during the period. Bank of New York Mellon Corp boosted its stake in GasLog by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 96,654 shares of the company’s stock worth $1,255,000 after buying an additional 574 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in GasLog by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,637 shares of the company’s stock worth $268,000 after buying an additional 808 shares during the period. Institutional investors and hedge funds own 49.44% of the company’s stock.
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.