GasLog Ltd (NYSE:GLOG) Receives Consensus Rating of “Hold” from Analysts

Shares of GasLog Ltd (NYSE:GLOG) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $22.20.

A number of equities research analysts recently issued reports on the stock. Pareto Securities upgraded shares of GasLog from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus upgraded shares of GasLog from a “hold” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $18.00 in a report on Tuesday, June 25th. ValuEngine upgraded shares of GasLog from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of GasLog from a “hold” rating to a “sell” rating in a report on Thursday.

NYSE:GLOG traded up $0.68 during trading hours on Monday, reaching $13.23. The company’s stock had a trading volume of 29,964 shares, compared to its average volume of 320,208. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 23.26 and a beta of 1.10. GasLog has a one year low of $11.21 and a one year high of $23.14. The business’s 50-day moving average is $12.80 and its 200-day moving average is $14.44. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.25 and a quick ratio of 1.23.

GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $154.25 million during the quarter, compared to analysts’ expectations of $153.75 million. GasLog had a negative net margin of 0.74% and a positive return on equity of 3.67%. GasLog’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. On average, sell-side analysts predict that GasLog will post 0.55 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new position in GasLog during the 1st quarter worth $253,000. Citigroup Inc. raised its position in shares of GasLog by 238.8% during the first quarter. Citigroup Inc. now owns 139,764 shares of the shipping company’s stock valued at $2,441,000 after buying an additional 98,516 shares during the last quarter. Strs Ohio raised its position in shares of GasLog by 14.5% during the second quarter. Strs Ohio now owns 48,900 shares of the shipping company’s stock valued at $704,000 after buying an additional 6,200 shares during the last quarter. BB&T Securities LLC acquired a new position in shares of GasLog during the second quarter valued at about $563,000. Finally, SCP Investment LP raised its position in shares of GasLog by 250.0% during the second quarter. SCP Investment LP now owns 70,000 shares of the shipping company’s stock valued at $1,008,000 after buying an additional 50,000 shares during the last quarter. 40.13% of the stock is 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 March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.

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Analyst Recommendations for GasLog (NYSE:GLOG)

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