TheStreet Lowers GasLog (GLOG) to C+

GasLog (NYSE:GLOG) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Tuesday.

GLOG has been the topic of several other research reports. Zacks Investment Research lowered GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Morgan Stanley lowered GasLog from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $22.00 to $20.00 in a research note on Tuesday, January 22nd. DNB Markets raised GasLog from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Finally, ValuEngine lowered GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. GasLog presently has a consensus rating of “Hold” and an average target price of $21.64.

Shares of GLOG opened at $17.56 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.26. GasLog has a 12-month low of $15.75 and a 12-month high of $23.14. The firm has a market cap of $1.42 billion, a PE ratio of 30.81 and a beta of 1.31.

GasLog (NYSE:GLOG) last issued its quarterly earnings results on Thursday, February 14th. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.23. GasLog had a return on equity of 2.67% and a net margin of 7.71%. The business had revenue of $188.64 million for the quarter, compared to analyst estimates of $176.16 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. Research analysts anticipate that GasLog will post 0.91 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GLOG. Wells Fargo & Company MN lifted its stake in GasLog by 9.1% in the third quarter. Wells Fargo & Company MN now owns 597,125 shares of the shipping company’s stock valued at $11,794,000 after buying an additional 49,938 shares during the period. JPMorgan Chase & Co. lifted its stake in GasLog by 45.0% in the third quarter. JPMorgan Chase & Co. now owns 154,918 shares of the shipping company’s stock valued at $3,058,000 after buying an additional 48,060 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in GasLog by 8.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 631,847 shares of the shipping company’s stock valued at $12,475,000 after buying an additional 50,000 shares during the period. BlackRock Inc. lifted its stake in GasLog by 1.2% in the third quarter. BlackRock Inc. now owns 2,010,306 shares of the shipping company’s stock valued at $39,703,000 after buying an additional 23,404 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in GasLog by 8.4% in the third quarter. Pinnacle Associates Ltd. now owns 87,877 shares of the shipping company’s stock valued at $1,736,000 after buying an additional 6,823 shares during the period. 42.25% of the stock is currently owned by hedge funds and other institutional investors.

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 February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

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