Traders Purchase High Volume of GasLog Call Options (GLOG)

GasLog Ltd (NYSE:GLOG) was the target of some unusual options trading on Monday. Stock traders bought 1,183 call options on the company. This is an increase of approximately 1,872% compared to the average volume of 60 call options.

A number of research analysts recently commented on the company. DNB Markets raised GasLog from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. TheStreet raised GasLog from a “c+” rating to a “b” rating in a research note on Friday, November 16th. ValuEngine cut GasLog from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 13th. JPMorgan Chase & Co. raised GasLog from an “underweight” rating to a “neutral” rating and set a $20.00 target price on the stock in a research note on Friday, November 2nd. Finally, Jefferies Financial Group set a $26.00 target price on GasLog and gave the company a “buy” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.28.

Several large investors have recently made changes to their positions in GLOG. SG Americas Securities LLC bought a new position in shares of GasLog during the second quarter valued at about $115,000. Quantitative Systematic Strategies LLC bought a new position in shares of GasLog during the second quarter valued at about $306,000. Jane Street Group LLC bought a new position in shares of GasLog during the third quarter valued at about $333,000. Jefferies Group LLC bought a new position in shares of GasLog during the third quarter valued at about $341,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of GasLog during the second quarter valued at about $411,000. 44.30% of the stock is currently owned by hedge funds and other institutional investors.

GLOG opened at $20.60 on Wednesday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 2,076.00 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.50. GasLog has a 52 week low of $15.75 and a 52 week high of $23.14.

GasLog (NYSE:GLOG) last released its earnings results on Thursday, November 1st. The shipping company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $153.59 million. GasLog had a return on equity of 0.32% and a net margin of 7.57%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, sell-side analysts anticipate that GasLog will post 0.32 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 7th. This represents a dividend yield of 2.89%.

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About GasLog

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 February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

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