Shares of GasLog LP. (NYSE:GLOG) have received a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.98.

GLOG has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and issued a $20.00 target price on shares of GasLog in a research note on Wednesday, October 11th. BidaskClub cut shares of GasLog from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. DNB Markets cut shares of GasLog from a “buy” rating to a “hold” rating and set a $17.80 price objective for the company. in a research note on Wednesday, September 13th. Zacks Investment Research cut shares of GasLog from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $19.00 price objective on shares of GasLog in a research note on Friday, November 3rd.

GasLog (NYSE:GLOG) traded down $0.05 during mid-day trading on Thursday, reaching $18.00. 330,847 shares of the company were exchanged, compared to its average volume of 425,156. The firm has a market cap of $1,451.70, a PE ratio of 360.00 and a beta of 1.26. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. GasLog has a one year low of $12.75 and a one year high of $19.20.

GasLog (NYSE:GLOG) last released its earnings results on Thursday, November 2nd. The shipping company reported $0.05 EPS 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 analysts’ expectations of $132.32 million. GasLog had a net margin of 7.34% and a return on equity of 0.19%. GasLog’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that GasLog will post 0.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.11%. The ex-dividend date was Friday, November 10th. GasLog’s payout ratio is 160.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in GLOG. Teachers Advisors LLC lifted its stake in GasLog 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 acquiring an additional 4,421 shares during the period. Geode Capital Management LLC increased its holdings in shares of GasLog by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 67,250 shares of the shipping company’s stock valued at $1,032,000 after purchasing an additional 9,320 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of GasLog by 57.9% during the 1st quarter. Bank of America Corp DE now owns 28,276 shares of the shipping company’s stock valued at $435,000 after purchasing an additional 10,371 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of GasLog by 1,425.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 22,875 shares of the shipping company’s stock valued at $1,500,000 after purchasing an additional 21,375 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of GasLog during the 2nd quarter valued at approximately $3,370,000. Institutional investors and hedge funds own 47.83% of the company’s stock.

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GasLog 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 (NYSE:GLOG)

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