GasLog (GLOG) Rating Increased to Hold at Zacks Investment Research

GasLog (NYSE:GLOG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco. “

Several other research firms have also recently issued reports on GLOG. TheStreet cut GasLog from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Stifel Nicolaus set a $17.00 price target on GasLog and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, ValuEngine cut GasLog from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.42.

GasLog stock opened at $14.30 on Wednesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 25.09 and a beta of 1.25. GasLog has a 12-month low of $14.27 and a 12-month high of $23.14. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52.

GasLog (NYSE:GLOG) last posted its quarterly earnings results on Friday, May 3rd. The shipping company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $166.55 million for the quarter, compared to analysts’ expectations of $152.94 million. GasLog had a return on equity of 3.13% and a net margin of 2.70%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) earnings per share. As a group, equities analysts predict that GasLog will post 0.69 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of GLOG. Quantamental Technologies LLC bought a new position in GasLog during the fourth quarter worth about $31,000. Bessemer Group Inc. bought a new position in GasLog during the fourth quarter worth about $37,000. Osborn Williams & Donohoe LLC bought a new position in GasLog during the first quarter worth about $131,000. BNP Paribas Arbitrage SA boosted its holdings in GasLog by 498.5% during the first quarter. BNP Paribas Arbitrage SA now owns 8,481 shares of the shipping company’s stock worth $148,000 after buying an additional 7,064 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in GasLog during the fourth quarter worth about $223,000. Hedge funds and other institutional investors own 41.92% of the company’s stock.

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 March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.

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