GasLog LP. (GLOG) Reaches New 1-Year High at $19.00
GasLog LP. (NYSE:GLOG) hit a new 52-week high on Tuesday . The stock traded as high as $19.00 and last traded at $18.95, with a volume of 316256 shares. The stock had previously closed at $18.90.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price target on shares of GasLog LP. in a report on Friday, November 3rd. Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded GasLog LP. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of GasLog LP. in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.98.
The firm has a market cap of $1,524.28, a price-to-earnings ratio of 378.00 and a beta of 1.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.45 and a quick ratio of 1.41.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. GasLog LP. had a return on equity of 0.19% and a net margin of 7.34%. The firm’s revenue was up 8.7% compared to the same quarter last year. analysts expect that GasLog LP. will post 0.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 10th. This represents a $0.56 annualized dividend and a yield of 3.04%. GasLog LP.’s dividend payout ratio (DPR) is presently 160.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Capital Advisors LP boosted its position in GasLog LP. by 9.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 558,513 shares of the shipping company’s stock valued at $9,737,000 after acquiring an additional 48,966 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in GasLog LP. during the 3rd quarter valued at $351,000. SG Americas Securities LLC bought a new stake in GasLog LP. during the 3rd quarter valued at $103,000. Advisors Asset Management Inc. boosted its position in GasLog LP. by 9.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 66,513 shares of the shipping company’s stock valued at $1,161,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in GasLog LP. by 444.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock valued at $13,487,000 after acquiring an additional 630,846 shares in the last quarter. 49.05% of the stock is currently owned by institutional investors and hedge funds.
About GasLog LP.
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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