GasLog Coverage Initiated at Stifel Nicolaus (GLOG)
Investment analysts at Stifel Nicolaus started coverage on shares of GasLog (NASDAQ:GLOG) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
GasLog (NASDAQ:GLOG) opened at 24.31 on Friday. GasLog has a 1-year low of $12.20 and a 1-year high of $28.89. The stock’s 50-day moving average is $26.0 and its 200-day moving average is $20.84. The company has a market cap of $1.771 billion and a price-to-earnings ratio of 27.59.
GasLog (NASDAQ:GLOG) last announced its earnings results on Wednesday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $57.07 million for the quarter, compared to the consensus estimate of $58.80 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 161.9% on a year-over-year basis. On average, analysts predict that GasLog will post $1.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 11th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, May 22nd.
Several other analysts have also recently commented on the stock. Analysts at Clarkson Capital initiated coverage on shares of GasLog in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of GasLog from $28.00 to $29.00 in a research note on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of GasLog from $25.00 to $30.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.78.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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