DNB Markets upgraded shares of GasLog (NYSE:GLOG) from a hold rating to a buy rating in a research report report published on Wednesday, Marketbeat Ratings reports. DNB Markets currently has $17.80 price objective on the shipping company’s stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded GasLog from a hold rating to a strong sell rating in a report on Tuesday, July 17th. BTIG Research assumed coverage on GasLog in a report on Wednesday, July 18th. They set a buy rating and a $23.00 price objective on the stock. Morgan Stanley raised GasLog from an equal weight rating to an overweight rating and lifted their price objective for the company from $20.00 to $22.00 in a report on Thursday, August 9th. Finally, ValuEngine raised GasLog from a hold rating to a buy rating in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $21.10.
NYSE GLOG opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.20 and a quick ratio of 1.17. GasLog has a 1-year low of $15.60 and a 1-year high of $22.55.
GasLog (NYSE:GLOG) last released its quarterly earnings data on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $126.61 million for the quarter, compared to analyst estimates of $139.78 million. GasLog had a net margin of 5.56% and a negative return on equity of 0.31%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. analysts forecast that GasLog will post 0.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Monday, August 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, August 10th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of GasLog by 2.7% in the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock worth $121,270,000 after acquiring an additional 165,298 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of GasLog by 20.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 92,849 shares of the shipping company’s stock worth $1,773,000 after acquiring an additional 15,571 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of GasLog in the 2nd quarter worth approximately $4,349,000. Renaissance Technologies LLC boosted its holdings in shares of GasLog by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 857,100 shares of the shipping company’s stock worth $16,371,000 after acquiring an additional 38,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of GasLog by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,134,073 shares of the shipping company’s stock worth $59,860,000 after acquiring an additional 343,971 shares in the last quarter. 47.04% of the stock is currently owned by institutional investors and hedge funds.
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
Featured Article: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.