BidaskClub cut shares of GasLog LP. (NYSE:GLOG) from a strong-buy rating to a buy rating in a research note released on Monday.
Other analysts have also recently issued research reports about the company. ValuEngine upgraded GasLog LP. from a sell rating to a hold rating in a research note on Friday, June 2nd. Credit Suisse Group started coverage on GasLog LP. in a research note on Tuesday, April 25th. They set an outperform rating and a $21.00 price objective on the stock. Morgan Stanley upgraded GasLog LP. from an equal weight rating to an overweight rating and set a $17.00 price objective on the stock in a research note on Tuesday, June 13th. Finally, Zacks Investment Research cut GasLog LP. from a hold rating to a sell rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $19.13.
GasLog LP. (GLOG) traded up 0.423% on Monday, reaching $17.825. The company had a trading volume of 206,143 shares. The firm’s market capitalization is $1.44 billion. GasLog LP. has a 12 month low of $12.32 and a 12 month high of $18.10. The stock has a 50 day moving average of $15.30 and a 200 day moving average of $15.17.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings results on Friday, May 5th. The shipping company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. GasLog LP. had a return on equity of 0.63% and a net margin of 0.65%. The business had revenue of $128.30 million for the quarter, compared to analysts’ expectations of $129.35 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 22.9% compared to the same quarter last year. On average, analysts anticipate that GasLog LP. will post $0.25 EPS for the current year.
A number of hedge funds have recently made changes to their positions in GLOG. First Mercantile Trust Co. purchased a new stake in shares of GasLog LP. during the first quarter valued at about $161,000. Tudor Investment Corp ET AL purchased a new stake in shares of GasLog LP. during the first quarter valued at about $182,000. Advisory Services Network LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at about $196,000. Russell Investments Group Ltd. purchased a new stake in shares of GasLog LP. during the fourth quarter valued at about $204,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at about $364,000. Hedge funds and other institutional investors own 47.20% of the company’s stock.
About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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