GasLog LP. (NYSE:GLOG) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.98.

Several analysts have commented on the company. Zacks Investment Research raised GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered GasLog LP. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of GasLog LP. in a report on Thursday, August 3rd.

GasLog LP. (NYSE:GLOG) traded up 1.47% on Wednesday, reaching $17.25. GasLog LP. has a 52 week low of $12.75 and a 52 week high of $18.35. The firm’s market capitalization is $1.38 billion. The firm’s 50-day moving average price is $16.90 and its 200-day moving average price is $15.53.

GasLog LP. (NYSE:GLOG) last issued its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts expect that GasLog LP. will post $0.07 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in GLOG. Nationwide Fund Advisors lifted its position in GasLog LP. by 112.8% during the first quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock worth $880,000 after buying an additional 30,406 shares in the last quarter. Russell Investments Group Ltd. lifted its position in GasLog LP. by 108.0% during the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock worth $399,000 after buying an additional 13,500 shares in the last quarter. Wells Fargo & Company MN lifted its position in GasLog LP. by 235.0% during the first quarter. Wells Fargo & Company MN now owns 175,555 shares of the shipping company’s stock worth $2,695,000 after buying an additional 123,146 shares in the last quarter. Bank of New York Mellon Corp lifted its position in GasLog LP. by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 139,556 shares of the shipping company’s stock worth $2,142,000 after buying an additional 5,661 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in GasLog LP. by 9.6% during the first quarter. Parametric Portfolio Associates LLC now owns 488,607 shares of the shipping company’s stock worth $7,500,000 after buying an additional 42,791 shares in the last quarter. Hedge funds and other institutional investors own 48.51% 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.

Analyst Recommendations for GasLog LP. (NYSE:GLOG)

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