Wall Street analysts predict that GasLog LP. (NYSE:GLOG) will report ($0.02) earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for GasLog LP.’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.10). GasLog LP. reported earnings per share of ($0.01) in the same quarter last year, which would suggest a negative year over year growth rate of 100%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 3rd.

On average, analysts expect that GasLog LP. will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.24) to $0.41. For the next financial year, analysts forecast that the business will report earnings of $0.56 per share, with EPS estimates ranging from ($0.22) to $1.33. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for GasLog LP..

GasLog LP. (NYSE:GLOG) last issued its quarterly earnings results on Friday, May 5th. The shipping company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. GasLog LP. had a net margin of 0.65% and a return on equity of 0.63%. The company had revenue of $128.30 million for the quarter, compared to the consensus estimate of $129.35 million. During the same quarter in the prior year, the company earned ($0.09) EPS. GasLog LP.’s quarterly revenue was up 22.9% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered GasLog LP. from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Credit Suisse Group assumed coverage on GasLog LP. in a report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 price objective on the stock. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Tuesday, June 13th. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised GasLog LP. from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong 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 16.70 on Friday. GasLog LP. has a one year low of $12.32 and a one year high of $17.85. The company has a 50-day moving average of $13.97 and a 200 day moving average of $15.12. The firm’s market cap is $1.35 billion.

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Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in GasLog LP. by 0.5% in the first quarter. UBS Group AG now owns 187,009 shares of the shipping company’s stock valued at $2,871,000 after buying an additional 957 shares during the period. American International Group Inc. increased its position in GasLog LP. by 7.1% in the first quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock valued at $387,000 after buying an additional 1,670 shares during the period. Teachers Advisors LLC increased its position in GasLog LP. by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 68,520 shares of the shipping company’s stock valued at $1,103,000 after buying an additional 1,678 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in GasLog LP. by 9.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,972 shares of the shipping company’s stock valued at $475,000 after buying an additional 2,622 shares during the period. Finally, Global X Management Co. LLC increased its position in GasLog LP. by 0.7% in the first quarter. Global X Management Co. LLC now owns 676,928 shares of the shipping company’s stock valued at $10,391,000 after buying an additional 4,921 shares during the period. Hedge funds and other institutional investors own 47.23% 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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