GasLog Ltd to Post FY2017 Earnings of $0.05 Per Share, Jefferies Group Forecasts (NYSE:GLOG)

GasLog Ltd (NYSE:GLOG) – Analysts at Jefferies Group issued their FY2017 earnings per share estimates for GasLog in a report released on Tuesday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans expects that the shipping company will earn $0.05 per share for the year. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for GasLog’s Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.75 EPS.

A number of other equities analysts also recently weighed in on GLOG. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target on shares of GasLog in a research report on Friday, November 3rd. Zacks Investment Research raised GasLog from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.98.

Shares of GasLog (NYSE:GLOG) traded up $0.05 during midday trading on Thursday, reaching $21.60. The company’s stock had a trading volume of 272,493 shares, compared to its average volume of 404,017. The firm has a market capitalization of $1,740.00, a P/E ratio of 61.71 and a beta of 1.27. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 1.48. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55.

GasLog (NYSE:GLOG) last released its earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. GasLog had a return on equity of 0.19% and a net margin of 7.34%. The company’s revenue was up 8.7% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of GasLog in the third quarter valued at approximately $103,000. Cubist Systematic Strategies LLC grew its position in shares of GasLog 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 purchasing an additional 2,403 shares during the last quarter. QS Investors LLC acquired a new position in shares of GasLog in the second quarter valued at approximately $194,000. Ameriprise Financial Inc. acquired a new position in shares of GasLog in the second quarter valued at approximately $244,000. Finally, Advisory Services Network LLC grew its position in shares of GasLog by 65.6% in the second quarter. Advisory Services Network LLC now owns 21,132 shares of the shipping company’s stock valued at $322,000 after purchasing an additional 8,372 shares during the last quarter. 47.83% of the stock is currently owned by hedge funds and other institutional investors.

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About GasLog

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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