GasLog LP. (NYSE:GLOG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, October 26th.
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 equities analysts have also recently issued reports about the company. BidaskClub raised GasLog LP. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price objective on shares of GasLog LP. in a research note on Thursday, August 3rd. Finally, DNB Markets lowered GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price target for the company. in a research note on Wednesday, September 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.98.
GasLog LP. (NYSE GLOG) opened at $18.80 on Thursday. The company has a market capitalization of $1,516.22, a PE ratio of 376.00 and a beta of 1.26. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. GasLog LP. has a twelve month low of $12.75 and a twelve month high of $19.20.
GasLog LP. (NYSE:GLOG) last announced its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. GasLog LP. had a return on equity of 0.19% and a net margin of 7.34%. The company had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. The business’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts expect that GasLog LP. will post 0.06 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake 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 purchasing an additional 821 shares during the last quarter. UBS Group AG lifted its stake in GasLog LP. by 0.5% in the first quarter. UBS Group AG now owns 187,009 shares of the shipping company’s stock worth $2,871,000 after purchasing an additional 957 shares during the last quarter. Rhumbline Advisers lifted its stake in GasLog LP. by 2.8% in the second quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock worth $765,000 after purchasing an additional 1,350 shares during the last quarter. American International Group Inc. increased its position in shares of GasLog LP. by 7.1% during the first quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock worth $387,000 after acquiring an additional 1,670 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of GasLog LP. by 2.5% during the second quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock worth $1,140,000 after acquiring an additional 1,793 shares during the period. 49.05% of the stock is owned by institutional investors and hedge funds.
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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