GasLog (NYSE:GLOG) announced its quarterly earnings results on Monday. The shipping company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02, MarketWatch Earnings reports. GasLog had a negative net margin of 18.58% and a positive return on equity of 1.81%.
GasLog stock traded down $0.08 during midday trading on Tuesday, reaching $5.82. The stock had a trading volume of 470,047 shares, compared to its average volume of 2,263,720. The firm’s fifty day simple moving average is $4.77 and its two-hundred day simple moving average is $3.49. GasLog has a twelve month low of $2.23 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.57 and a quick ratio of 0.54. The firm has a market cap of $553.56 million, a price-to-earnings ratio of -3.54 and a beta of 1.34.
Several equities research analysts have commented on GLOG shares. TheStreet upgraded shares of GasLog from a “d+” rating to a “c-” rating in a research note on Wednesday, December 30th. Clarkson Capital lowered shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research note on Monday. BTIG Research lowered shares of GasLog from a “buy” rating to a “neutral” rating in a research note on Tuesday. Stifel Nicolaus lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of GasLog from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. GasLog presently has a consensus rating of “Hold” and a consensus price target of $4.91.
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 March 2, 2020, it operated a fleet of 28 LNG carriers.
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