GasLog Ltd (NYSE:GLOG) Given Average Rating of “Buy” by Brokerages

GasLog Ltd (NYSE:GLOG) has earned an average rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.29.

Several research analysts have weighed in on GLOG shares. TheStreet lowered GasLog from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Zacks Investment Research raised GasLog from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus set a $17.00 price target on GasLog and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, ValuEngine lowered GasLog from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th.

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in shares of GasLog during the 4th quarter worth approximately $37,000. Quantamental Technologies LLC grew its holdings in GasLog by 101.7% in the 1st quarter. Quantamental Technologies LLC now owns 3,833 shares of the shipping company’s stock valued at $67,000 after buying an additional 1,933 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new position in GasLog in the 1st quarter valued at $131,000. BNP Paribas Arbitrage SA grew its holdings in GasLog by 498.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,481 shares of the shipping company’s stock valued at $148,000 after buying an additional 7,064 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in GasLog in the 1st quarter valued at $253,000. 41.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:GLOG traded up $0.31 during trading on Friday, hitting $14.40. 1,476,628 shares of the company were exchanged, compared to its average volume of 334,899. The stock has a market capitalization of $1.16 billion, a PE ratio of 25.26 and a beta of 1.26. GasLog has a fifty-two week low of $12.94 and a fifty-two week high of $23.14. The firm has a fifty day simple moving average of $14.28. 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $166.55 million for the quarter, compared to analyst estimates of $152.94 million. GasLog had a return on equity of 3.13% and a net margin of 2.70%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. As a group, sell-side analysts predict that GasLog will post 0.72 EPS for the current fiscal year.

GasLog Company Profile

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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Analyst Recommendations for GasLog (NYSE:GLOG)

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