Jefferies Group initiated coverage on shares of GasLog (NYSE:GLOG) in a research note published on Monday, December 18th. The brokerage issued a buy rating and a $20.00 price target on the shipping company’s stock. Jefferies Group also issued estimates for GasLog’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.05 EPS and FY2018 earnings at $0.75 EPS.
Several other research firms also recently issued reports on GLOG. DNB Markets downgraded shares of GasLog from a buy rating to a hold rating and set a $17.80 price objective on the stock. in a report on Wednesday, September 13th. BidaskClub downgraded shares of GasLog from a buy rating to a hold rating in a research note on Tuesday, September 12th. Zacks Investment Research downgraded shares of GasLog from a hold rating to a sell rating in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus restated a buy rating and set a $19.00 price objective on shares of GasLog in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. GasLog presently has a consensus rating of Buy and a consensus target price of $18.98.
GasLog (NYSE:GLOG) traded up $0.05 during midday trading on Monday, hitting $21.60. 272,493 shares of the company traded hands, compared to its average volume of 500,811. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.41 and a current ratio of 1.45. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55. The company has a market cap of $1,730.00, a price-to-earnings ratio of 61.71 and a beta of 1.27.
GasLog (NYSE:GLOG) last announced its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The firm had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. GasLog’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts anticipate that GasLog will post 0.08 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in shares of GasLog by 3.4% during the 2nd quarter. FMR LLC now owns 6,212,415 shares of the shipping company’s stock worth $94,739,000 after buying an additional 203,681 shares during the last quarter. Fairview Capital Investment Management LLC lifted its position in shares of GasLog by 6.1% during the 2nd quarter. Fairview Capital Investment Management LLC now owns 4,957,606 shares of the shipping company’s stock worth $75,603,000 after buying an additional 287,164 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of GasLog by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,195,314 shares of the shipping company’s stock worth $33,479,000 after buying an additional 21,703 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of GasLog by 53.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,670,536 shares of the shipping company’s stock worth $29,151,000 after buying an additional 581,386 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of GasLog by 444.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock worth $13,487,000 after buying an additional 630,846 shares during the last quarter. Institutional investors own 47.83% of the company’s stock.
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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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