GasLog LP. (NYSE:GLOG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, July 28th.
According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco. “
Several other equities analysts have also recently issued reports on GLOG. Credit Suisse Group assumed coverage on GasLog LP. in a research note on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price on the stock. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research note on Tuesday, June 13th. Finally, BidaskClub raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.13.
GasLog LP. (NYSE:GLOG) opened at 15.90 on Friday. GasLog LP. has a one year low of $12.39 and a one year high of $18.35. The company has a 50 day moving average price of $16.76 and a 200-day moving average price of $15.21. The company’s market capitalization is $1.28 billion.
GasLog LP. (NYSE:GLOG) last posted its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business had revenue of $129.90 million for the quarter, compared to analysts’ expectations of $128.14 million. During the same period last year, the firm posted ($0.01) earnings per share. GasLog LP.’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that GasLog LP. will post $0.10 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new stake in GasLog LP. during the first quarter valued at approximately $161,000. Tudor Investment Corp ET AL bought a new stake in GasLog LP. during the first quarter valued at approximately $182,000. Cubist Systematic Strategies LLC increased its stake in GasLog LP. by 23.4% in the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock valued at $193,000 after buying an additional 2,403 shares during the period. QS Investors LLC bought a new stake in GasLog LP. during the second quarter valued at approximately $194,000. Finally, Advisory Services Network LLC bought a new stake in GasLog LP. during the first quarter valued at approximately $196,000. 48.61% of the stock is currently owned by institutional investors and hedge funds.
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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