GasLog LP. (NYSE:GLOG)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $19.00 price objective on the shipping company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 3.83% from the stock’s previous close.

A number of other research firms have also weighed in on GLOG. BidaskClub upgraded GasLog LP. from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $20.00 target price on shares of GasLog LP. in a report on Wednesday, October 11th. DNB Markets lowered GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price for the company. in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.98.

GasLog LP. (NYSE GLOG) traded up $1.00 during trading hours on Friday, hitting $18.25. The stock had a trading volume of 625,195 shares, compared to its average volume of 394,056. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 342.00 and a beta of 1.26.

GasLog LP. (NYSE:GLOG) last posted its earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $131.24 million during the quarter, compared to analyst estimates of $132.32 million. GasLog LP. had a return on equity of 0.20% and a net margin of 7.34%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts anticipate that GasLog LP. will post 0.09 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/03/gaslog-lp-glog-stock-rating-reaffirmed-by-stifel-nicolaus.html.

Several institutional investors and hedge funds have recently modified their holdings of GLOG. Russell Investments Group Ltd. lifted its holdings in shares of GasLog LP. by 108.0% during the 1st quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock valued at $399,000 after purchasing an additional 13,500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of GasLog LP. by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 139,556 shares of the shipping company’s stock valued at $2,142,000 after purchasing an additional 5,661 shares during the last quarter. American International Group Inc. lifted its holdings in shares of GasLog LP. by 7.1% during the 1st quarter. American International Group Inc. now owns 25,198 shares of the shipping company’s stock valued at $387,000 after purchasing an additional 1,670 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of GasLog LP. by 6.5% during the 1st quarter. Teachers Advisors LLC now owns 72,941 shares of the shipping company’s stock valued at $1,120,000 after purchasing an additional 4,421 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of GasLog LP. by 106.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 248,499 shares of the shipping company’s stock valued at $3,814,000 after purchasing an additional 128,094 shares during the last quarter. Hedge funds and other institutional investors own 48.53% 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)

Receive News & Ratings for GasLog LP. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog LP. and related companies with MarketBeat.com's FREE daily email newsletter.