GasLog Ltd (GLOG) Receives Average Recommendation of “Buy” from Analysts

Shares of GasLog Ltd (NYSE:GLOG) have received an average recommendation of “Buy” from the twelve analysts that are covering the firm, 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 objective among brokers that have updated their coverage on the stock in the last year is $18.98.

Several equities analysts have recently weighed in on GLOG shares. Zacks Investment Research raised shares of GasLog from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Jefferies Group started coverage on shares of GasLog in a research report on Monday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price objective on shares of GasLog in a research report on Friday, November 3rd.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of GasLog in the third quarter valued at about $103,000. Cubist Systematic Strategies LLC raised its position in shares of GasLog by 23.4% in the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock valued at $193,000 after purchasing an additional 2,403 shares during the period. QS Investors LLC acquired a new position in shares of GasLog in the second quarter valued at about $194,000. Ameriprise Financial Inc. acquired a new position in shares of GasLog in the second quarter valued at about $244,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of GasLog in the third quarter valued at about $351,000. 47.82% of the stock is currently owned by institutional investors.

GasLog (GLOG) traded down $0.05 during midday trading on Friday, reaching $20.35. 256,512 shares of the company’s stock traded hands, compared to its average volume of 458,485. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.45 and a quick ratio of 1.41. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55. The company has a market capitalization of $1,640.00, a price-to-earnings ratio of 58.14 and a beta of 1.27.

GasLog (NYSE:GLOG) last posted its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The firm had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. GasLog’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts expect that GasLog will post 0.08 EPS for the current fiscal year.

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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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