GasLog Ltd. Hits New 52-Week High at $19.33 (GLOG)
Shares of GasLog (NASDAQ:GLOG) hit a new 52-week high during trading on Thursday, American Banking News reports. The stock traded as high as $19.33 and last traded at $18.73, with a volume of 6,059,097 shares trading hands. The stock had previously closed at $17.47.
GLOG has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of GasLog in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of GasLog from $21.00 to $20.00 in a research note to investors on Tuesday, December 3rd. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of GasLog in a research note to investors on Friday, November 15th. They now have a $16.20 price target on the stock. Six equities research analysts have rated the stock with a buy rating, GasLog has a consensus rating of “Buy” and an average price target of $17.84.
GasLog has a one year low of $11.92 and a one year high of $17.82. The stock has a 50-day moving average of $16.23 and a 200-day moving average of $14.81. The company has a market cap of $1.177 billion and a price-to-earnings ratio of 29.07.
GasLog (NASDAQ:GLOG) last released its earnings data on Thursday, November 14th. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $43.18 million for the quarter, compared to the consensus estimate of $42.36 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 155.6% on a year-over-year basis. On average, analysts predict that GasLog will post $0.60 earnings per share for the current fiscal year.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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