GasLog LP. (GLOG) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
GasLog LP. (NYSE:GLOG) issued its quarterly earnings data on Thursday. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04, Briefing.com reports. The business had revenue of $131.24 million during the quarter, compared to analysts’ expectations of $132.32 million. GasLog LP. had a return on equity of 0.20% and a net margin of 7.34%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.
Shares of GasLog LP. (NYSE GLOG) traded up $1.15 during trading on Friday, hitting $18.25. The company had a trading volume of 625,842 shares, compared to its average volume of 394,056. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 1.54. GasLog LP. has a 1 year low of $12.75 and a 1 year high of $18.35. The stock has a market cap of $1,471.46, a price-to-earnings ratio of 365.00 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. GasLog LP.’s dividend payout ratio is presently 160.00%.
Several equities analysts have recently issued reports on GLOG shares. BidaskClub raised GasLog LP. from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of GasLog LP. in a report on Wednesday, October 11th. DNB Markets cut GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 price objective for the company. in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.98.
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GasLog LP. Company Profile
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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