GasLog LP. (NYSE:GLOG) was downgraded by investment analysts at DNB Markets from a “buy” rating to a “hold” rating in a report issued on Wednesday.
A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley raised shares of GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Tuesday, June 13th. ValuEngine raised shares of GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of GasLog LP. from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of GasLog LP. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of GasLog LP. in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.13.
Shares of GasLog LP. (NYSE GLOG) opened at 16.25 on Wednesday. The stock’s 50 day moving average price is $16.87 and its 200-day moving average price is $15.23. GasLog LP. has a 12 month low of $12.39 and a 12 month high of $18.35. The firm’s market cap is $1.30 billion.
GasLog LP. (NYSE:GLOG) last announced its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The business had revenue of $129.90 million during the quarter, compared to the consensus estimate of $128.14 million. During the same period in the previous year, the business posted ($0.01) earnings per share. GasLog LP.’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that GasLog LP. will post $0.10 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in shares of GasLog LP. during the first quarter worth $182,000. Cubist Systematic Strategies LLC boosted its position in shares of GasLog LP. by 23.4% during the second quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after purchasing an additional 2,403 shares in the last quarter. QS Investors LLC bought a new position in shares of GasLog LP. during the second quarter worth $194,000. Ameriprise Financial Inc. bought a new position in shares of GasLog LP. during the second quarter worth $244,000. Finally, Capital Management Associates NY bought a new position in shares of GasLog LP. during the second quarter worth $290,000. 48.51% of the stock is currently owned by institutional investors.
About GasLog LP.
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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