Zacks Investment Research upgraded shares of GasLog LP. (NYSE:GLOG) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.
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. “
A number of other equities research analysts have also weighed in on GLOG. BidaskClub lowered shares of GasLog LP. from a buy rating to a hold rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a buy rating and set a $20.00 price target on shares of GasLog LP. in a report on Wednesday, October 11th. Finally, DNB Markets lowered shares of GasLog LP. from a buy rating to a hold rating and set a $17.80 price target for the company. in a report on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $18.98.
Shares of GasLog LP. (NYSE:GLOG) traded up 1.75% during trading on Thursday, hitting $17.45. 151,958 shares of the company were exchanged. The company’s 50-day moving average price is $17.06 and its 200 day moving average price is $15.71. The stock’s market cap is $1.40 billion. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $18.35.
GasLog LP. (NYSE:GLOG) last released its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The firm had revenue of $129.90 million for the quarter, compared to analyst estimates of $128.14 million. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. GasLog LP.’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, equities analysts predict that GasLog LP. will post $0.08 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL acquired a new position in GasLog LP. during the 1st quarter worth $182,000. Cubist Systematic Strategies LLC grew its holdings in GasLog LP. by 23.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after acquiring an additional 2,403 shares in the last quarter. QS Investors LLC acquired a new position in GasLog LP. during the 2nd quarter worth $194,000. Ameriprise Financial Inc. acquired a new position in GasLog LP. during the 2nd quarter worth $244,000. Finally, Capital Management Associates NY acquired a new position in GasLog LP. during the 2nd quarter worth $290,000. 48.53% of the stock is owned by institutional investors.
GasLog LP. Company Profile
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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