GasLog Sees Unusually Large Options Volume (GLOG)

GasLog Ltd (NYSE:GLOG) saw some unusual options trading on Monday. Stock traders purchased 635 put options on the stock. This is an increase of 1,055% compared to the typical volume of 55 put options.

Shares of GasLog (NYSE GLOG) traded down $0.35 during midday trading on Wednesday, reaching $18.00. The company’s stock had a trading volume of 218,246 shares, compared to its average volume of 470,091. GasLog has a 1-year low of $12.75 and a 1-year high of $22.55. The company has a market capitalization of $1,460.00, a price-to-earnings ratio of 257.14 and a beta of 1.30. The company has a current ratio of 1.41, a quick ratio of 1.39 and a debt-to-equity ratio of 1.46.

GasLog (NYSE:GLOG) last posted its quarterly earnings results on Friday, February 16th. The shipping company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.08). GasLog had a return on equity of 0.16% and a net margin of 2.95%. The company had revenue of $135.80 million during the quarter, compared to the consensus estimate of $135.72 million. During the same period in the previous year, the business earned $0.02 earnings per share. GasLog’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that GasLog will post 0.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, March 2nd. GasLog’s payout ratio is currently 800.00%.

Several research firms have recently issued reports on GLOG. Zacks Investment Research raised GasLog from a “sell” rating to a “hold” rating in a report on Monday. Seaport Global Securities reissued a “buy” rating and set a $23.00 price objective on shares of GasLog in a report on Friday, February 23rd. Morgan Stanley lowered GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and set a $24.00 price objective on shares of GasLog in a report on Friday, January 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective (up from $19.00) on shares of GasLog in a report on Saturday, February 17th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.97.

Several institutional investors have recently bought and sold shares of GLOG. SG Americas Securities LLC bought a new position in shares of GasLog in the third quarter worth $103,000. Cubist Systematic Strategies LLC raised 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 worth $193,000 after buying an additional 2,403 shares in the last quarter. QS Investors LLC purchased a new stake in shares of GasLog in the second quarter worth $194,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of GasLog in the fourth quarter worth $207,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of GasLog in the second quarter worth $244,000. 48.66% of the stock is owned by hedge funds and other institutional investors.

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GasLog 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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