GasLog LP (GLOG) Receives $14.00 Consensus Target Price from Brokerages
Shares of GasLog LP (NYSE:GLOG) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.00.
A number of brokerages have recently issued reports on GLOG. Zacks Investment Research upgraded GasLog from a “strong sell” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group reiterated a “buy” rating on shares of GasLog in a research report on Monday, August 1st. Finally, Citigroup Inc. lifted their price target on shares of GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, August 5th.
GasLog (NYSE:GLOG) opened at 16.00 on Tuesday. The company’s market capitalization is $1.29 billion. The firm has a 50-day moving average price of $15.50 and a 200-day moving average price of $13.71. GasLog has a 12 month low of $5.24 and a 12 month high of $17.20.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. GasLog had a negative return on equity of 0.14% and a negative net margin of 10.57%. The company earned $120.72 million during the quarter, compared to analysts’ expectations of $120.73 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The business’s revenue was up 14.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Shareholders of record on Monday, November 14th will be given a dividend of $0.1046 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.42 annualized dividend and a yield of 2.61%. GasLog’s dividend payout ratio is currently -74.67%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of GasLog by 151.1% in the second quarter. FMR LLC now owns 6,527,551 shares of the company’s stock valued at $84,728,000 after buying an additional 3,928,344 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in GasLog during the third quarter worth $13,589,000. Lord Abbett & CO. LLC boosted its stake 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 last quarter. Eagle Global Advisors LLC boosted its stake in GasLog by 11.8% in the third quarter. Eagle Global Advisors LLC now owns 3,390,596 shares of the company’s stock worth $49,333,000 after buying an additional 358,327 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 last quarter. Institutional investors and hedge funds own 47.63% of the company’s stock.
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.
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