GasLog Ltd (NYSE:GLOG) – Equities research analysts at Seaport Global Securities lifted their Q2 2019 earnings per share estimates for shares of GasLog in a report released on Thursday, November 1st. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will earn $0.39 per share for the quarter, up from their prior forecast of $0.29.
GasLog (NYSE:GLOG) last released its quarterly earnings results on Thursday, November 1st. The shipping company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.59 million. GasLog had a return on equity of 0.32% and a net margin of 7.57%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS.
A number of other research firms also recently issued reports on GLOG. Jefferies Financial Group set a $26.00 price target on GasLog and gave the company a “buy” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. upgraded GasLog from an “underweight” rating to a “neutral” rating and set a $20.00 price target for the company in a research note on Friday, November 2nd. DNB Markets downgraded GasLog from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded GasLog from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, October 24th. Finally, ValuEngine upgraded GasLog from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.28.
GLOG stock opened at $22.22 on Monday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 2,231.00 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.15. GasLog has a 52-week low of $15.75 and a 52-week high of $23.14.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.70%.
Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of GasLog by 2.7% during the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock worth $121,270,000 after buying an additional 165,298 shares in the last quarter. Eagle Global Advisors LLC lifted its position in shares of GasLog by 11.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock worth $77,916,000 after buying an additional 407,271 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of GasLog by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,134,073 shares of the shipping company’s stock worth $59,860,000 after buying an additional 343,971 shares in the last quarter. BlackRock Inc. lifted its position in shares of GasLog by 5.1% during the 2nd quarter. BlackRock Inc. now owns 1,986,902 shares of the shipping company’s stock worth $37,950,000 after buying an additional 96,756 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of GasLog by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 857,100 shares of the shipping company’s stock worth $16,371,000 after purchasing an additional 38,400 shares during the period. 47.09% of the stock is currently owned by hedge funds and other institutional investors.
GasLog Company Profile
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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