BidaskClub lowered shares of GasLog LP. (NYSE:GLOG) from a buy rating to a hold rating in a research report released on Saturday morning.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered GasLog LP. from a hold rating to a strong sell rating in a research note on Tuesday, April 25th. Credit Suisse Group initiated coverage on GasLog LP. in a research note on Tuesday, April 25th. They issued an outperform rating and a $21.00 target price for the company. Morgan Stanley upgraded GasLog LP. from an equal weight rating to an overweight rating and set a $17.00 target price for the company in a research note on Tuesday, June 13th. ValuEngine upgraded GasLog LP. from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a buy rating and issued a $20.00 target price on shares of GasLog LP. in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $19.13.
GasLog LP. (NYSE GLOG) opened at 16.90 on Friday. GasLog LP. has a 12 month low of $12.39 and a 12 month high of $18.35. The stock’s 50 day moving average price is $16.04 and its 200-day moving average price is $15.21. The firm’s market capitalization is $1.36 billion.
GasLog LP. (NYSE:GLOG) last posted its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The company had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. During the same quarter last year, the business posted ($0.01) EPS. GasLog LP.’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that GasLog LP. will post $0.15 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.31%. GasLog LP.’s dividend payout ratio (DPR) is presently -800.00%.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of GasLog LP. during the first quarter worth $196,000. Canada Pension Plan Investment Board raised its stake in shares of GasLog LP. by 66,500.0% in the first quarter. Canada Pension Plan Investment Board now owns 66,600 shares of the shipping company’s stock worth $1,022,000 after buying an additional 66,500 shares during the period. Wells Fargo & Company MN raised its stake in shares of GasLog LP. by 235.0% in the first quarter. Wells Fargo & Company MN now owns 175,555 shares of the shipping company’s stock worth $2,695,000 after buying an additional 123,146 shares during the period. Russell Investments Group Ltd. raised its stake in shares of GasLog LP. by 108.0% in the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock worth $399,000 after buying an additional 13,500 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in shares of GasLog LP. during the first quarter worth $161,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.
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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