GasLog LP (NYSE:GLOG) Given Consensus Recommendation of “Hold” by Analysts
GasLog LP (NYSE:GLOG) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.00.
Several equities research analysts have weighed in on GLOG shares. Jefferies Group reiterated a “buy” rating on shares of GasLog in a report on Monday, September 12th. Zacks Investment Research upgraded shares of GasLog from a “strong sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. increased their target price on shares of GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 5th.
GasLog (NYSE:GLOG) traded up 3.40% on Monday, reaching $15.81. 129,704 shares of the company’s stock were exchanged. GasLog has a 12 month low of $5.24 and a 12 month high of $15.87. The firm’s 50-day moving average is $13.74 and its 200-day moving average is $12.75. The firm’s market cap is $1.27 billion.
GasLog (NYSE:GLOG) last posted its earnings results on Thursday, August 4th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The company had revenue of $114.50 million for the quarter, compared to analyst estimates of $111.04 million. GasLog had a negative net margin of 5.90% and a negative return on equity of 0.70%. GasLog’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts forecast that GasLog will post $0.01 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOG. FMR LLC increased its position in GasLog by 151.1% in the second quarter. FMR LLC now owns 6,527,551 shares of the company’s stock worth $84,728,000 after buying an additional 3,928,344 shares during the period. Lord Abbett & CO. LLC increased its position in GasLog by 45.1% in the second quarter. Lord Abbett & CO. LLC now owns 2,428,026 shares of the company’s stock worth $31,516,000 after buying an additional 755,251 shares during the period. JPMorgan Chase & Co. increased its position in GasLog by 194.3% in the second quarter. JPMorgan Chase & Co. now owns 248,515 shares of the company’s stock worth $3,225,000 after buying an additional 164,077 shares during the period. Cohen & Steers Inc. increased its position in GasLog by 333.4% in the second quarter. Cohen & Steers Inc. now owns 200,487 shares of the company’s stock worth $4,577,000 after buying an additional 154,229 shares during the period. Finally, Vanguard Group Inc. increased its position in GasLog by 142.2% in the second quarter. Vanguard Group Inc. now owns 190,360 shares of the company’s stock worth $2,471,000 after buying an additional 111,751 shares during the period. 47.66% of the stock is owned by institutional investors and hedge funds.
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
Receive News & Stock Ratings for GasLog LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog LP and related stocks with our FREE daily email newsletter.