GasLog Ltd (GLOG) Receives $22.14 Average PT from Analysts
Shares of GasLog Ltd (NYSE:GLOG) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.14.
GLOG has been the topic of several recent research reports. Zacks Investment Research raised shares of GasLog from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, January 16th. Morgan Stanley lowered shares of GasLog from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Tuesday, January 22nd. TheStreet lowered shares of GasLog from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. ValuEngine lowered shares of GasLog from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Stifel Nicolaus set a $17.00 price target on shares of GasLog and gave the company a “hold” rating in a report on Friday, May 3rd.
Hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of GasLog during the 4th quarter worth about $31,000. Bessemer Group Inc. purchased a new stake in shares of GasLog during the 4th quarter worth about $37,000. Osborn Williams & Donohoe LLC acquired a new position in shares of GasLog during the 1st quarter worth about $131,000. BNP Paribas Arbitrage SA raised its position in shares of GasLog by 498.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,481 shares of the shipping company’s stock worth $148,000 after purchasing an additional 7,064 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of GasLog during the 4th quarter worth about $223,000. 42.99% of the stock is currently owned by institutional investors and hedge funds.
GasLog (NYSE:GLOG) last announced its quarterly earnings data on Friday, May 3rd. The shipping company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $166.55 million for the quarter, compared to analyst estimates of $152.94 million. GasLog had a net margin of 2.70% and a return on equity of 3.13%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. Sell-side analysts anticipate that GasLog will post 0.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, May 13th. GasLog’s payout ratio is currently 105.26%.
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.
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