GasLog (GLOG) Rating Lowered to Hold at Stifel Nicolaus

GasLog (NYSE:GLOG) was downgraded by research analysts at Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $19.00 price target on the shipping company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 9.51% from the company’s previous close.

Several other research analysts have also weighed in on GLOG. ValuEngine raised GasLog from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Morgan Stanley downgraded GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 target price for the company. in a research note on Monday, February 12th. They noted that the move was a valuation call. Seaport Global Securities reiterated a “buy” rating and set a $23.00 target price on shares of GasLog in a research note on Friday, February 23rd. Jefferies Group reiterated a “buy” rating and set a $24.00 target price on shares of GasLog in a research note on Friday, January 26th. Finally, JPMorgan Chase downgraded GasLog from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $17.00 to $18.00 in a research note on Friday, March 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.40.

Shares of NYSE:GLOG traded down $1.20 during trading on Monday, hitting $17.35. 223,583 shares of the company were exchanged, compared to its average volume of 419,550. The firm has a market capitalization of $1,497.26, a price-to-earnings ratio of 1,855.00 and a beta of 1.29. GasLog has a fifty-two week low of $12.75 and a fifty-two week high of $22.55. The company has a quick ratio of 1.39, a current ratio of 1.41 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) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.08). The company had revenue of $135.80 million for the quarter, compared to analyst estimates of $135.72 million. GasLog had a return on equity of 0.16% and a net margin of 2.95%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. analysts anticipate that GasLog will post 0.49 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its stake in GasLog by 19.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,993,807 shares of the shipping company’s stock valued at $44,362,000 after purchasing an additional 323,271 shares during the period. BlackRock Inc. boosted its stake in GasLog by 2.1% in the 4th quarter. BlackRock Inc. now owns 1,870,588 shares of the shipping company’s stock valued at $41,621,000 after purchasing an additional 38,791 shares during the period. Bank of New York Mellon Corp boosted its stake in GasLog by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 805,288 shares of the shipping company’s stock valued at $17,918,000 after purchasing an additional 32,386 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in GasLog by 26.0% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 703,947 shares of the shipping company’s stock valued at $15,654,000 after purchasing an additional 145,434 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in GasLog by 61.2% in the 4th quarter. Renaissance Technologies LLC now owns 589,900 shares of the shipping company’s stock valued at $13,125,000 after purchasing an additional 223,900 shares during the period. Institutional investors own 48.72% of the company’s stock.

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About GasLog

GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

Analyst Recommendations for GasLog (NYSE:GLOG)

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