Jefferies Group started coverage on shares of GasLog (NYSE:GLOG) in a research note released on Monday, December 18th. The brokerage issued a buy rating and a $20.00 target price on the shipping company’s stock. Jefferies Group also issued estimates for GasLog’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.05 EPS and FY2018 earnings at $0.75 EPS.
GLOG has been the topic of a number of other research reports. Zacks Investment Research lowered shares of GasLog from a hold rating to a sell rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a buy rating and set a $19.00 target price on shares of GasLog in a research report on Friday, November 3rd. BidaskClub upgraded shares of GasLog from a hold rating to a buy rating in a research report on Friday, August 25th. Finally, DNB Markets lowered shares of GasLog from a buy rating to a hold rating and set a $17.80 target price on the stock. in a research report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $18.98.
Shares of GasLog (GLOG) traded up $0.50 during trading hours on Monday, hitting $21.55. 487,934 shares of the company’s stock were exchanged, compared to its average volume of 529,367. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55. The firm has a market cap of $1,700.00, a price-to-earnings ratio of 61.57 and a beta of 1.27. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.41 and a current ratio of 1.45.
GasLog (NYSE:GLOG) last announced its earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The firm had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. The company’s revenue was up 8.7% on a year-over-year basis. analysts forecast that GasLog will post 0.08 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of GLOG. Teachers Advisors LLC boosted its position in shares of GasLog by 6.5% during the 1st quarter. Teachers Advisors LLC now owns 72,941 shares of the shipping company’s stock worth $1,120,000 after acquiring an additional 4,421 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of GasLog by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 67,250 shares of the shipping company’s stock worth $1,032,000 after acquiring an additional 9,320 shares in the last quarter. Bank of America Corp DE boosted its position in shares of GasLog by 57.9% during the 1st quarter. Bank of America Corp DE now owns 28,276 shares of the shipping company’s stock worth $435,000 after acquiring an additional 10,371 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of GasLog by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock worth $1,126,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of GasLog by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock worth $765,000 after acquiring an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 47.83% of the company’s stock.
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GasLog Company Profile
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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