GasLog LP (GLOG) Downgraded by Zacks Investment Research
GasLog LP (NYSE:GLOG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco. “
A number of other equities research analysts also recently weighed in on GLOG. Jefferies Group reaffirmed a “buy” rating on shares of GasLog in a research report on Tuesday, September 6th. Citigroup Inc. raised their price objective on GasLog from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.50.
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Shares of GasLog (NYSE:GLOG) traded up 2.58% on Tuesday, hitting $16.31. The company had a trading volume of 1,028,749 shares. The company’s market capitalization is $1.31 billion. The stock’s 50-day moving average is $13.85 and its 200 day moving average is $12.86. GasLog has a 52 week low of $5.24 and a 52 week high of $16.42.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. GasLog had a negative return on equity of 0.70% and a negative net margin of 5.90%. The company had revenue of $114.50 million for the quarter, compared to the consensus estimate of $111.04 million. The company’s revenue was up 9.7% on a year-over-year basis. Equities analysts expect that GasLog will post $0.01 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of GasLog by 154.4% in the first quarter. IFP Advisors Inc now owns 11,535 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of GasLog by 19.9% in the second quarter. Advisory Services Network LLC now owns 10,721 shares of the company’s stock valued at $139,000 after buying an additional 1,778 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of GasLog during the second quarter valued at about $144,000. BlackRock Inc. boosted its position in shares of GasLog by 389.5% in the second quarter. BlackRock Inc. now owns 11,607 shares of the company’s stock valued at $151,000 after buying an additional 9,236 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of GasLog by 1.7% in the second quarter. BlackRock Advisors LLC now owns 13,672 shares of the company’s stock valued at $177,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 47.66% of the company’s stock.
GasLog Company Profile
GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Company is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
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