GasLog Ltd (NYSE:GLOG) – Research analysts at Jefferies Financial Group lowered their FY2020 earnings estimates for shares of GasLog in a report released on Wednesday, November 6th. Jefferies Financial Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $1.23 for the year, down from their prior estimate of $1.42.

GasLog (NYSE:GLOG) last issued its earnings results on Wednesday, November 6th. The shipping company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). GasLog had a negative net margin of 0.74% and a positive return on equity of 3.67%. The business had revenue of $165.59 million during the quarter, compared to analysts’ expectations of $164.49 million. During the same period in the prior year, the business posted $0.11 EPS. The business’s revenue was up 4.5% on a year-over-year basis.

GLOG has been the topic of a number of other research reports. ValuEngine raised shares of GasLog from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Pareto Securities raised shares of GasLog from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. GasLog currently has a consensus rating of “Buy” and a consensus price target of $17.67.

Shares of GLOG stock traded down $0.45 during mid-day trading on Friday, reaching $10.82. The company’s stock had a trading volume of 782,449 shares, compared to its average volume of 375,958. The company’s 50 day simple moving average is $13.55 and its 200-day simple moving average is $13.88. GasLog has a 12-month low of $10.81 and a 12-month high of $21.85. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $1.16 billion, a PE ratio of 18.98 and a beta of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Thursday, November 14th. GasLog’s dividend payout ratio (DPR) is 105.26%.

A number of institutional investors have recently added to or reduced their stakes in GLOG. Invesco Ltd. increased its stake in GasLog by 33.3% during the 2nd quarter. Invesco Ltd. now owns 2,795,689 shares of the shipping company’s stock worth $40,259,000 after buying an additional 698,563 shares during the period. Nuveen Asset Management LLC purchased a new stake in GasLog during the 2nd quarter worth $5,099,000. Morgan Stanley increased its stake in GasLog by 154.2% during the 2nd quarter. Morgan Stanley now owns 576,924 shares of the shipping company’s stock worth $8,308,000 after buying an additional 349,969 shares during the period. Cohen & Steers Inc. increased its stake in GasLog by 145.9% during the 2nd quarter. Cohen & Steers Inc. now owns 535,785 shares of the shipping company’s stock worth $7,715,000 after buying an additional 317,877 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in GasLog by 9.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 3,429,616 shares of the shipping company’s stock worth $49,386,000 after buying an additional 286,647 shares during the period. 40.09% of the stock is currently owned by hedge funds and other institutional investors.

GasLog Company Profile

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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Earnings History and Estimates for GasLog (NYSE:GLOG)

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