GasLog LP (GLOG) Now Covered by Seaport Global Securities
Stock analysts at Seaport Global Securities started coverage on shares of GasLog LP (NYSE:GLOG) in a research note issued to investors on Wednesday. The brokerage set a “neutral” rating and a $18.00 price target on the stock. Seaport Global Securities’ price target suggests a potential upside of 9.76% from the company’s previous close.
GLOG has been the topic of several other reports. Jefferies Group restated a “buy” rating on shares of GasLog in a report on Monday, September 12th. Zacks Investment Research cut GasLog from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Finally, Citigroup Inc. boosted their target price on GasLog from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. GasLog has a consensus rating of “Hold” and a consensus price target of $15.00.
GasLog (NYSE:GLOG) opened at 16.40 on Wednesday. GasLog has a 52 week low of $5.24 and a 52 week high of $17.20. The company’s market cap is $1.32 billion. The company has a 50-day moving average price of $16.03 and a 200 day moving average price of $13.92.
GasLog (NYSE:GLOG) last issued its earnings results on Thursday, November 3rd. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $120.72 million for the quarter, compared to analysts’ expectations of $120.73 million. GasLog had a negative return on equity of 0.14% and a negative net margin of 10.57%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 24th. Shareholders of record on Monday, November 14th were paid a dividend of $0.1046 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 9th. GasLog’s dividend payout ratio (DPR) is -74.67%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its position in GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock worth $177,000 after buying an additional 231 shares during the period. Rhumbline Advisers boosted its position in GasLog by 0.8% in the third quarter. Rhumbline Advisers now owns 48,778 shares of the company’s stock worth $710,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp boosted its position in GasLog by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 96,654 shares of the company’s stock worth $1,255,000 after buying an additional 574 shares during the period. BlackRock Inc. boosted its position in GasLog by 5.3% in the third quarter. BlackRock Inc. now owns 12,222 shares of the company’s stock worth $178,000 after buying an additional 615 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in GasLog by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,637 shares of the company’s stock worth $268,000 after buying an additional 808 shares during the period. Institutional investors own 49.44% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2016/11/25/gaslog-lp-glog-now-covered-by-seaport-global-securities.html.
GasLog Company Profile 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.
GasLog Company Profile
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.