GasLog (NYSE:GLOG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of GasLog (NYSE:GLOG) from a hold rating to a buy rating in a research report sent to investors on Tuesday, Zacks.com reports. They currently have $16.00 price target on the shipping company’s stock.

According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco. “

A number of other equities research analysts have also weighed in on the company. ValuEngine lowered Whiting USA Trust II from a hold rating to a sell rating in a research note on Tuesday, May 7th. Stifel Nicolaus assumed coverage on GENFIT S A/ADR in a research report on Tuesday, June 25th. They set a hold rating for the company. Finally, TheStreet raised TerraForm Power from a c rating to a b- rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $21.09.

NYSE GLOG opened at $14.78 on Tuesday. GasLog has a 1-year low of $12.94 and a 1-year high of $23.14. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a 50-day moving average of $14.06. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 25.93 and a beta of 1.13.

GasLog (NYSE:GLOG) last released its earnings results 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. GasLog had a return on equity of 3.13% and a net margin of 2.70%. The company had revenue of $166.55 million during the quarter, compared to analyst estimates of $152.94 million. During the same quarter in the previous year, the company posted ($0.01) EPS. GasLog’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, sell-side analysts anticipate that GasLog will post 0.72 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of GLOG. FMR LLC lifted its stake in GasLog by 13.2% in the first quarter. FMR LLC now owns 4,336,296 shares of the shipping company’s stock worth $75,712,000 after purchasing an additional 506,941 shares during the last quarter. Citigroup Inc. lifted its stake in GasLog by 238.8% in the first quarter. Citigroup Inc. now owns 139,764 shares of the shipping company’s stock worth $2,441,000 after purchasing an additional 98,516 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in GasLog in the first quarter worth about $253,000. Bluestein R H & Co. lifted its stake in GasLog by 50.0% in the first quarter. Bluestein R H & Co. now owns 30,000 shares of the shipping company’s stock worth $524,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Salient Capital Advisors LLC lifted its stake in GasLog by 159.2% in the first quarter. Salient Capital Advisors LLC now owns 153,404 shares of the shipping company’s stock worth $2,678,000 after purchasing an additional 94,227 shares during the last quarter. Hedge funds and other institutional investors own 41.92% of the company’s stock.

About GasLog

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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