GasLog LP. (GLOG) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of GasLog LP. (NYSE:GLOG) in a research note issued to investors on Wednesday morning. The firm currently has a $20.00 target price on the shipping company’s stock.

Several other research firms have also issued reports on GLOG. BidaskClub raised shares of GasLog LP. from a hold rating to a buy rating in a research report on Wednesday, June 28th. Morgan Stanley raised shares of 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. Zacks Investment Research lowered shares of GasLog LP. from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, DNB Markets lowered shares of GasLog LP. from a buy rating to a hold rating and set a $17.80 price target on the stock. in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $18.98.

GasLog LP. (NYSE GLOG) opened at 17.60 on Wednesday. The firm’s 50 day moving average is $16.94 and its 200-day moving average is $15.57. The firm’s market cap is $1.41 billion. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $18.35.

GasLog LP. (NYSE:GLOG) last announced its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $129.90 million during the quarter, compared to the consensus estimate of $128.14 million. GasLog LP. had a return on equity of 0.50% and a net margin of 0.70%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities analysts forecast that GasLog LP. will post $0.07 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of GLOG. Nationwide Fund Advisors raised its position in shares of GasLog LP. by 112.8% in the first quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock valued at $880,000 after purchasing an additional 30,406 shares during the period. Russell Investments Group Ltd. grew its stake in GasLog LP. by 108.0% during the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock valued at $399,000 after acquiring an additional 13,500 shares in the last quarter. Wells Fargo & Company MN grew its stake in GasLog LP. by 235.0% during the first quarter. Wells Fargo & Company MN now owns 175,555 shares of the shipping company’s stock valued at $2,695,000 after acquiring an additional 123,146 shares in the last quarter. Bank of New York Mellon Corp grew its stake in GasLog LP. by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 139,556 shares of the shipping company’s stock valued at $2,142,000 after acquiring an additional 5,661 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in GasLog LP. by 9.6% during the first quarter. Parametric Portfolio Associates LLC now owns 488,607 shares of the shipping company’s stock valued at $7,500,000 after acquiring an additional 42,791 shares in the last quarter. 48.51% of the stock is currently owned by 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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