GasLog Ltd (NYSE:GLOG) Receives $21.29 Average Target Price from Analysts

Shares of GasLog Ltd (NYSE:GLOG) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.17.

A number of brokerages recently weighed in on GLOG. Stifel Nicolaus upgraded shares of GasLog from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $18.00 in a report on Tuesday, June 25th. ValuEngine cut shares of GasLog from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research cut shares of GasLog from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Shares of GLOG stock traded up $0.01 during trading on Wednesday, reaching $14.24. The company’s stock had a trading volume of 772,300 shares, compared to its average volume of 366,776. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The firm has a market cap of $1.14 billion, a P/E ratio of 24.98 and a beta of 1.14. The company has a 50-day simple moving average of $14.08. GasLog has a 1-year low of $12.94 and a 1-year high of $23.14.

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 during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted ($0.01) earnings per share. Sell-side analysts anticipate that GasLog will post 0.59 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in GasLog by 3.0% during the 1st quarter. Rhumbline Advisers now owns 60,337 shares of the shipping company’s stock worth $1,053,000 after acquiring an additional 1,753 shares in the last quarter. Quantamental Technologies LLC lifted its position in shares of GasLog by 101.7% during the 1st quarter. Quantamental Technologies LLC now owns 3,833 shares of the shipping company’s stock worth $67,000 after buying an additional 1,933 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of GasLog during the 4th quarter worth approximately $37,000. Ballentine Partners LLC lifted its position in shares of GasLog by 7.8% during the 1st quarter. Ballentine Partners LLC now owns 52,729 shares of the shipping company’s stock worth $921,000 after buying an additional 3,830 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of GasLog by 6.8% during the 4th quarter. Macquarie Group Ltd. now owns 79,907 shares of the shipping company’s stock worth $1,316,000 after buying an additional 5,090 shares during the last quarter. Institutional investors own 41.89% 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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Analyst Recommendations for GasLog (NYSE:GLOG)

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