GasLog LP. (GLOG) Upgraded at BidaskClub
GasLog LP. (NYSE:GLOG) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
GLOG has been the topic of a number of other research reports. Zacks Investment Research raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of GasLog LP. in a report on Thursday, August 3rd. Finally, Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. GasLog LP. has a consensus rating of “Buy” and a consensus price target of $19.13.
Shares of GasLog LP. (GLOG) traded up 0.89% on Friday, hitting $17.00. The stock had a trading volume of 234,419 shares. The firm’s 50-day moving average price is $16.90 and its 200 day moving average price is $15.20. GasLog LP. has a 52-week low of $12.39 and a 52-week high of $18.35. The firm’s market cap is $1.36 billion.
GasLog LP. (NYSE:GLOG) last issued its earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. GasLog LP. had a return on equity of 0.50% and a net margin of 0.70%. The business had revenue of $129.90 million during the quarter, compared to the consensus estimate of $128.14 million. During the same period in the prior year, the business earned ($0.01) EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts predict that GasLog LP. will post $0.10 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in GLOG. TFS Capital LLC acquired a new stake in GasLog LP. during the first quarter worth $1,283,000. HITE Hedge Asset Management LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at approximately $12,032,000. Bank of New York Mellon Corp boosted its stake in shares of GasLog LP. by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 139,556 shares of the shipping company’s stock valued at $2,142,000 after buying an additional 5,661 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of GasLog LP. by 82.1% in the first quarter. Advisors Asset Management Inc. now owns 52,705 shares of the shipping company’s stock valued at $809,000 after buying an additional 23,768 shares during the last quarter. Finally, Searle & CO. purchased a new stake in shares of GasLog LP. during the first quarter valued at approximately $665,000. 48.61% of the stock is currently owned by institutional investors.
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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