GasLog (NYSE:GLOG) Stock Price Up 5.2%

GasLog Ltd (NYSE:GLOG)’s share price rose 5.2% during mid-day trading on Tuesday . The stock traded as high as $10.11 and last traded at $10.08, approximately 656,678 shares traded hands during mid-day trading. An increase of 65% from the average daily volume of 398,080 shares. The stock had previously closed at $9.58.

GLOG has been the topic of several recent research reports. Fearnley Fonds lowered shares of GasLog from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. BTIG Research decreased their price objective on shares of GasLog to $16.00 and set a “buy” rating for the company in a research note on Monday, November 11th. ValuEngine raised shares of GasLog from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.25.

The business’s 50 day moving average is $11.00 and its 200 day moving average is $12.90. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.80. The stock has a market cap of $774.65 million, a price-to-earnings ratio of 17.23 and a beta of 1.03.

GasLog (NYSE:GLOG) last posted its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). GasLog had a positive return on equity of 3.28% and a negative net margin of 5.44%. The firm had revenue of $165.59 million during the quarter, compared to analyst estimates of $164.49 million. During the same period in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts expect that GasLog Ltd will post 0.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend was Thursday, November 14th. GasLog’s dividend payout ratio is 105.26%.

Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC boosted its stake in GasLog by 41.8% in the 2nd quarter. Quantamental Technologies LLC now owns 5,434 shares of the shipping company’s stock worth $78,000 after purchasing an additional 1,601 shares during the period. Duff & Phelps Investment Management Co. acquired a new stake in shares of GasLog during the 2nd quarter valued at $144,000. Paloma Partners Management Co acquired a new stake in shares of GasLog during the 2nd quarter valued at $190,000. Jefferies Group LLC acquired a new stake in shares of GasLog during the 2nd quarter valued at $200,000. Finally, Atria Investments LLC acquired a new stake in shares of GasLog during the 2nd quarter valued at $218,000. 39.81% of the stock is owned by hedge funds and other institutional investors.

GasLog Company Profile (NYSE:GLOG)

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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