Wall Street analysts predict that GasLog LP. (NYSE:GLOG) will post ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for GasLog LP.’s earnings, with estimates ranging from ($0.10) to $0.04. GasLog LP. posted earnings per share of ($0.01) during the same quarter last year, which indicates a negative year over year growth rate of 100%. The business is expected to report its next earnings results before the market opens on Thursday, August 3rd.
On average, analysts expect that GasLog LP. will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from ($0.24) to $0.41. For the next financial year, analysts expect that the company will report earnings of $0.56 per share, with EPS estimates ranging from ($0.22) to $1.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover GasLog LP..
GasLog LP. (NYSE:GLOG) last released its quarterly earnings data on Friday, May 5th. The shipping company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. GasLog LP. had a net margin of 0.65% and a return on equity of 0.63%. The business had revenue of $128.30 million during the quarter, compared to analyst estimates of $129.35 million. During the same period in the previous year, the business earned ($0.09) EPS. GasLog LP.’s revenue was up 22.9% compared to the same quarter last year.
GLOG has been the subject of a number of research reports. BidaskClub upgraded GasLog LP. from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. ValuEngine upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Credit Suisse Group started coverage on GasLog LP. in a research report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 price target on the stock. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Tuesday, June 13th. Finally, Zacks Investment Research lowered GasLog LP. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. GasLog LP. currently has a consensus rating of “Buy” and a consensus price target of $19.13.
GasLog LP. (NYSE:GLOG) traded up 3.27% on Friday, reaching $17.35. 557,824 shares of the company were exchanged. The firm has a 50-day moving average of $13.97 and a 200 day moving average of $15.12. GasLog LP. has a 12-month low of $12.32 and a 12-month high of $17.85. The firm’s market capitalization is $1.40 billion.
Institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC bought a new position in GasLog LP. during the first quarter valued at approximately $13,445,000. Guggenheim Capital LLC raised its position in GasLog LP. by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 164,128 shares of the shipping company’s stock valued at $2,642,000 after buying an additional 35,479 shares during the period. Pinnacle Associates Ltd. raised its position in GasLog LP. by 14.1% in the first quarter. Pinnacle Associates Ltd. now owns 44,677 shares of the shipping company’s stock valued at $686,000 after buying an additional 5,504 shares during the period. Russell Investments Group Ltd. bought a new position in GasLog LP. during the fourth quarter valued at approximately $204,000. Finally, State Street Corp raised its position in shares of GasLog LP. by 9.4% in the fourth quarter. State Street Corp now owns 708,654 shares of the shipping company’s stock worth $11,411,000 after buying an additional 61,071 shares during the last quarter. 47.21% of the stock is currently owned by hedge funds and other institutional investors.
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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