GasLog LP. (NYSE:GLOG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, October 16th.
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. “
A number of other brokerages have also recently issued reports on GLOG. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a report on Thursday, August 3rd. BidaskClub cut shares of GasLog LP. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, DNB Markets cut shares of GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.98.
GasLog LP. (GLOG) opened at 16.55 on Monday. The stock’s market cap is $1.33 billion. The company’s 50-day moving average price is $17.05 and its 200-day moving average price is $15.69. GasLog LP. has a 12-month low of $12.75 and a 12-month high of $18.35.
GasLog LP. (NYSE:GLOG) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). GasLog LP. had a return on equity of 0.50% and a net margin of 0.70%. The company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $128.14 million. During the same period in the previous year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts expect that GasLog LP. will post $0.08 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its position in GasLog LP. by 65.6% in the second quarter. Advisory Services Network LLC now owns 21,132 shares of the shipping company’s stock worth $322,000 after buying an additional 8,372 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in GasLog LP. by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 31,429 shares of the shipping company’s stock worth $479,000 after buying an additional 821 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in GasLog LP. by 23.4% in the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after buying an additional 2,403 shares during the last quarter. State Street Corp grew its position in GasLog LP. by 7.2% in the second quarter. State Street Corp now owns 767,443 shares of the shipping company’s stock worth $11,706,000 after buying an additional 51,873 shares during the last quarter. Finally, Fairview Capital Investment Management LLC grew its position in GasLog LP. by 6.1% in the second quarter. Fairview Capital Investment Management LLC now owns 4,957,606 shares of the shipping company’s stock worth $75,603,000 after buying an additional 287,164 shares during the last quarter. Hedge funds and other institutional investors own 48.54% of the company’s stock.
About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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