GasLog LP. (NYSE:GLOG) Set to Announce Earnings on Thursday
GasLog LP. (NYSE:GLOG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect GasLog LP. to post earnings of ($0.02) per share for the quarter.
GasLog LP. (NYSE:GLOG) last announced its quarterly earnings data on Friday, May 5th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. GasLog LP. had a return on equity of 0.63% and a net margin of 0.65%. The business had revenue of $128.30 million for the quarter, compared to analysts’ expectations of $129.35 million. During the same period in the previous year, the business posted ($0.09) EPS. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, analysts expect GasLog LP. to post $0.12 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.
Shares of GasLog LP. (NYSE:GLOG) traded up 0.700% during midday trading on Thursday, reaching $17.975. The company had a trading volume of 127,022 shares. The company has a 50 day moving average of $15.56 and a 200 day moving average of $15.19. GasLog LP. has a 12-month low of $12.32 and a 12-month high of $18.00. The firm’s market capitalization is $1.45 billion.
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GLOG has been the topic of several research reports. BidaskClub raised GasLog LP. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. 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 research note on Tuesday, June 13th. Credit Suisse Group assumed coverage on GasLog LP. in a research note on Tuesday, April 25th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Zacks Investment Research downgraded GasLog LP. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. GasLog LP. has a consensus rating of “Buy” and an average target price of $19.13.
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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