GasLog (NYSE:GLOG) announced its quarterly earnings results on Monday. The shipping company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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%.
Shares of GasLog stock traded down $0.10 during trading hours on Tuesday, reaching $5.80. The company’s stock had a trading volume of 516,670 shares, compared to its average volume of 2,263,720. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.54 and a current ratio of 0.57. The stock’s fifty day simple moving average is $4.77 and its two-hundred day simple moving average is $3.49. GasLog has a one year low of $2.23 and a one year high of $6.50. The company has a market capitalization of $551.66 million, a P/E ratio of -3.54 and a beta of 1.34.
GLOG has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of GasLog from a “buy” rating to a “hold” rating and lifted their price target for the stock from $5.50 to $5.80 in a research report on Tuesday. Clarkson Capital cut shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Monday. Zacks Investment Research raised shares of GasLog from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, February 3rd. BTIG Research cut shares of GasLog from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Stifel Nicolaus cut shares of GasLog from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have given 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 target price 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.
Read More: Fibonacci Channel
Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.