GasLog (GLOG) Announces Quarterly Earnings, Hits Estimates
GasLog (NASDAQ:GLOG) released its earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13, Analyst Ratings Network.com reports. The company had revenue of $73.20 million for the quarter, compared to the consensus estimate of $69.32 million.
Shares of GasLog (NASDAQ:GLOG) opened at 26.07 on Wednesday. GasLog has a 52 week low of $13.25 and a 52 week high of $32.44. The stock’s 50-day moving average is $26.95 and its 200-day moving average is $25.24. The company has a market cap of $1.900 billion and a price-to-earnings ratio of 29.97.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of GasLog from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $28.30 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “buy” rating on shares of GasLog in a research note on Wednesday, June 25th. They now have a $35.00 price target on the stock, up previously from $27.00. Finally, analysts at Evercore Partners raised their price target on shares of GasLog from $20.00 to $25.00 in a research note on Thursday, June 12th. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $26.46.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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