GasLog LP.’s (GLOG) Buy Rating Reiterated at Jefferies Group LLC
GasLog LP. (NYSE:GLOG)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research report issued on Wednesday. They currently have a $20.00 target price on the shipping company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 15.94% from the stock’s current price.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of GasLog LP. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. DNB Markets cut shares of GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a research note on Wednesday, September 13th. Finally, BidaskClub cut shares of GasLog LP. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. GasLog LP. has an average rating of “Hold” and an average target price of $18.98.
Shares of GasLog LP. (NYSE GLOG) traded up 1.47% during trading on Wednesday, reaching $17.25. 314,263 shares of the company traded hands. The company’s market capitalization is $1.38 billion. The company’s 50-day moving average price is $16.88 and its 200-day moving average price is $15.52. GasLog LP. has a 52 week low of $12.75 and a 52 week high of $18.35.
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. Equities research analysts forecast that GasLog LP. will post $0.07 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in GLOG. Tudor Investment Corp ET AL bought a new stake in shares of GasLog LP. during the first quarter valued at approximately $182,000. Cubist Systematic Strategies LLC raised its position in shares of GasLog LP. by 23.4% during the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock valued at $193,000 after buying an additional 2,403 shares during the last quarter. QS Investors LLC bought a new stake in shares of GasLog LP. during the second quarter valued at approximately $194,000. Ameriprise Financial Inc. bought a new stake in shares of GasLog LP. during the second quarter valued at approximately $244,000. Finally, Capital Management Associates NY bought a new stake in shares of GasLog LP. during the second quarter valued at approximately $290,000. Hedge funds and other institutional investors own 48.51% of the company’s stock.
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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