GasLog LP. (NYSE:GLOG) Expected to Post Quarterly Sales of $132.35 Million
Equities analysts predict that GasLog LP. (NYSE:GLOG) will post sales of $132.35 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for GasLog LP.’s earnings. The highest sales estimate is $141.15 million and the lowest is $126.80 million. GasLog LP. posted sales of $120.73 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The firm is expected to issue its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that GasLog LP. will report full-year sales of $132.35 million for the current financial year, with estimates ranging from $507.50 million to $546.18 million. For the next year, analysts forecast that the firm will report sales of $602.03 million per share, with estimates ranging from $555.03 million to $670.32 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for GasLog LP..
GasLog LP. (NYSE:GLOG) last released its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. GasLog LP. had a return on equity of 0.50% and a net margin of 0.70%. The firm had revenue of $129.90 million for the quarter, compared to the consensus estimate of $128.14 million. During the same quarter in the previous year, the business posted ($0.01) EPS. GasLog LP.’s revenue was up 13.4% on a year-over-year basis.
Several research analysts have recently weighed in on GLOG shares. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of GasLog LP. in a research note on Thursday. Zacks Investment Research raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group started coverage on GasLog LP. in a research note on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price for the company. Finally, BidaskClub raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.13.
Shares of GasLog LP. (NYSE GLOG) opened at 16.85 on Monday. The company’s market cap is $1.36 billion. GasLog LP. has a 1-year low of $12.39 and a 1-year high of $18.35. The firm’s 50-day moving average is $16.04 and its 200-day moving average is $15.21.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, August 10th. GasLog LP.’s dividend payout ratio is currently -800.00%.
A number of hedge funds and other institutional investors have recently bought and sold shares of GLOG. Eagle Global Advisors LLC increased its position in GasLog LP. by 30.6% in the second quarter. Eagle Global Advisors LLC now owns 4,463,509 shares of the shipping company’s stock valued at $68,069,000 after buying an additional 1,046,574 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in GasLog LP. during the first quarter valued at approximately $13,445,000. HITE Hedge Asset Management LLC purchased a new position in GasLog LP. during the first quarter valued at approximately $12,032,000. GCA Investment Management LLC increased its position in GasLog LP. by 217.8% in the second quarter. GCA Investment Management LLC now owns 572,096 shares of the shipping company’s stock valued at $8,724,000 after buying an additional 392,096 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new position in GasLog LP. during the first quarter valued at approximately $3,875,000. 48.82% of the stock is owned by hedge funds and other institutional investors.
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About GasLog LP.
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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