Shares of GasLog Ltd (NYSE:GLOG) have received an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $13.33.
A number of equities analysts have recently commented on GLOG shares. TheStreet lowered shares of GasLog from a “c-” rating to a “d+” rating in a research report on Tuesday. Citigroup lowered shares of GasLog from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $6.00 in a research report on Friday, February 7th. Zacks Investment Research lowered shares of GasLog from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Fearnley Fonds lowered shares of GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, BTIG Research reduced their target price on shares of GasLog to $16.00 and set a “buy” rating on the stock in a research report on Monday, November 11th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLOG. CIBC Private Wealth Group LLC purchased a new position in shares of GasLog during the fourth quarter worth $6,213,000. Nuveen Asset Management LLC purchased a new stake in shares of GasLog in the 2nd quarter valued at approximately $5,099,000. Morgan Stanley raised its stake in shares of GasLog by 154.2% in the 2nd quarter. Morgan Stanley now owns 576,924 shares of the shipping company’s stock valued at $8,308,000 after acquiring an additional 349,969 shares during the period. State Street Corp increased its stake in GasLog by 37.3% during the 3rd quarter. State Street Corp now owns 1,077,161 shares of the shipping company’s stock worth $13,842,000 after buying an additional 292,484 shares during the period. Finally, KBC Group NV increased its stake in GasLog by 1,397.0% during the 4th quarter. KBC Group NV now owns 263,839 shares of the shipping company’s stock worth $2,583,000 after buying an additional 246,214 shares during the period. Hedge funds and other institutional investors own 39.75% of the company’s stock.
GasLog (NYSE:GLOG) last issued its earnings results on Thursday, February 6th. The shipping company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The company had revenue of $182.25 million for the quarter, compared to analysts’ expectations of $179.33 million. GasLog had a positive return on equity of 1.69% and a negative net margin of 15.06%. On average, sell-side analysts anticipate that GasLog will post 0.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Friday, February 28th. GasLog’s dividend payout ratio (DPR) is presently 206.90%.
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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