GasLog Ltd (NYSE:GLOG) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.14.
A number of brokerages have issued reports on GLOG. ValuEngine downgraded shares of GasLog from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Zacks Investment Research raised shares of GasLog from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus set a $17.00 price objective on shares of GasLog and gave the company a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley downgraded shares of GasLog from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $22.00 to $20.00 in a research report on Tuesday, January 22nd. Finally, TheStreet downgraded shares of GasLog from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th.
GasLog stock traded down $0.32 during mid-day trading on Friday, reaching $15.18. 176,200 shares of the company traded hands, compared to its average volume of 365,497. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. The company has a market cap of $1.26 billion, a P/E ratio of 26.63 and a beta of 1.25. GasLog has a 52-week low of $14.59 and a 52-week high of $23.14.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Friday, May 3rd. The shipping company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The business had revenue of $166.55 million for the quarter, compared to the consensus estimate of $152.94 million. GasLog had a net margin of 2.70% and a return on equity of 3.13%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. Analysts predict that GasLog will post 0.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, May 13th. GasLog’s dividend payout ratio is presently 105.26%.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of GasLog by 13.2% in the 1st quarter. FMR LLC now owns 4,336,296 shares of the shipping company’s stock worth $75,712,000 after buying an additional 506,941 shares during the period. Man Group plc grew its position in shares of GasLog by 9.2% in the 1st quarter. Man Group plc now owns 381,389 shares of the shipping company’s stock worth $6,659,000 after buying an additional 32,000 shares during the period. Macquarie Group Ltd. grew its position in shares of GasLog by 9.8% in the 1st quarter. Macquarie Group Ltd. now owns 87,710 shares of the shipping company’s stock worth $1,531,000 after buying an additional 7,803 shares during the period. SEI Investments Co grew its position in shares of GasLog by 10,147.2% in the 1st quarter. SEI Investments Co now owns 28,897 shares of the shipping company’s stock worth $505,000 after buying an additional 28,615 shares during the period. Finally, SCP Investment LP purchased a new stake in shares of GasLog in the 1st quarter worth about $349,000. 42.79% of the stock is currently owned by hedge funds and other institutional investors.
GasLog Company Profile
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 March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.
Featured Story: Do stock splits help investors?
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.