GasLog LP. (NYSE:GLOG) declared a quarterly dividend on Thursday, August 3rd, Fidelity reports. Investors of record on Monday, August 14th will be given a dividend of 0.14 per share by the shipping company on Thursday, August 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, August 10th.
GasLog LP. has raised its dividend by an average of 7.6% annually over the last three years. GasLog LP. has a dividend payout ratio of 466.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect GasLog LP. to earn $0.51 per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of 109.8%.
GasLog LP. (GLOG) traded up 1.83% during trading on Friday, hitting $16.70. 331,700 shares of the company were exchanged. The company has a 50-day moving average of $16.04 and a 200-day moving average of $15.21. GasLog LP. has a 12 month low of $12.39 and a 12 month high of $18.35. The company’s market capitalization is $1.35 billion.
GasLog LP. (NYSE:GLOG) last released its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. GasLog LP. had a net margin of 0.65% and a return on equity of 0.63%. The company had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $128.14 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. GasLog LP.’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts forecast that GasLog LP. will post $0.17 EPS for the current year.
GLOG has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of GasLog LP. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a report on Thursday. Zacks Investment Research upgraded shares of GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine upgraded shares of GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group initiated coverage on shares of GasLog LP. in a report on Tuesday, April 25th. They issued an “outperform” rating and a $21.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. GasLog LP. currently has an average rating of “Buy” and a consensus target price of $19.13.
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GasLog LP. Company Profile
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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