GasLog LP. (GLOG) Announces Quarterly Earnings Results
GasLog LP. (NYSE:GLOG) released its quarterly earnings results on Thursday. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04, Briefing.com reports. GasLog LP. had a return on equity of 0.20% and a net margin of 7.34%. The business had revenue of $131.24 million during the quarter, compared to analyst estimates of $132.32 million. The company’s quarterly revenue was up 8.7% compared to the same quarter last year.
Shares of GasLog LP. (NYSE GLOG) traded up $1.15 during trading on Friday, hitting $18.25. The stock had a trading volume of 625,842 shares, compared to its average volume of 394,056. GasLog LP. has a fifty-two week low of $12.75 and a fifty-two week high of $18.35. The stock has a market capitalization of $1,471.46, a P/E ratio of 365.00 and a beta of 1.26. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 1.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. GasLog LP.’s payout ratio is 160.00%.
Several research firms have issued reports on GLOG. BidaskClub lowered GasLog LP. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered GasLog LP. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target on shares of GasLog LP. in a report on Friday. DNB Markets lowered GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price target for the company. in a report on Wednesday, September 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of GasLog LP. in a report on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. GasLog LP. has a consensus rating of “Buy” and an average price target of $18.98.
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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