Shares of GasLog LP. (NYSE:GLOG) have received a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.14.
Several equities analysts have issued reports on GLOG shares. Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine upgraded GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of GasLog LP. in a report on Thursday, August 3rd. BidaskClub downgraded GasLog LP. from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 target price for the company in a report on Tuesday, June 13th.
Shares of GasLog LP. (GLOG) traded up 0.89% during trading on Tuesday, reaching $17.00. 234,419 shares of the company’s stock traded hands. GasLog LP. has a 52-week low of $12.39 and a 52-week high of $18.35. The company’s 50-day moving average is $16.90 and its 200 day moving average is $15.20. The company’s market cap is $1.37 billion.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. The firm had revenue of $129.90 million during the quarter, compared to the consensus estimate of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Equities analysts forecast that GasLog LP. will post $0.10 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, August 10th. GasLog LP.’s payout ratio is presently -800.00%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in shares of GasLog LP. by 65.6% in the second quarter. Advisory Services Network LLC now owns 21,132 shares of the shipping company’s stock worth $322,000 after buying an additional 8,372 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of GasLog LP. by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 31,429 shares of the shipping company’s stock worth $479,000 after buying an additional 821 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of GasLog LP. by 23.4% in the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after buying an additional 2,403 shares during the last quarter. State Street Corp increased its position in shares of GasLog LP. by 7.2% in the second quarter. State Street Corp now owns 767,443 shares of the shipping company’s stock worth $11,706,000 after buying an additional 51,873 shares during the last quarter. Finally, Fairview Capital Investment Management LLC increased its position in shares of GasLog LP. by 6.1% in the second quarter. Fairview Capital Investment Management LLC now owns 4,957,606 shares of the shipping company’s stock worth $75,603,000 after buying an additional 287,164 shares during the last quarter. 48.61% of the stock is owned by institutional investors.
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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