Shares of GasLog Ltd (NYSE:GLOG) have received a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.97.

Several brokerages have recently issued reports on GLOG. Zacks Investment Research lowered GasLog from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th. ValuEngine upgraded GasLog from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. BTIG Research began coverage on GasLog in a research note on Wednesday, July 18th. They issued a “buy” rating and a $23.00 price target on the stock. Berenberg Bank initiated coverage on GasLog in a research note on Thursday, September 6th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, DNB Markets upgraded GasLog from a “hold” rating to a “buy” rating and set a $17.80 price objective on the stock in a research report on Wednesday, September 5th.

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in shares of GasLog by 2.7% in the 2nd quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock valued at $121,270,000 after buying an additional 165,298 shares during the last quarter. Eagle Global Advisors LLC grew its position in shares of GasLog by 11.1% in the 2nd quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock valued at $77,916,000 after buying an additional 407,271 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of GasLog by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,134,073 shares of the shipping company’s stock valued at $59,860,000 after buying an additional 343,971 shares during the last quarter. BlackRock Inc. grew its position in shares of GasLog by 5.1% in the 2nd quarter. BlackRock Inc. now owns 1,986,902 shares of the shipping company’s stock valued at $37,950,000 after buying an additional 96,756 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of GasLog by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 857,100 shares of the shipping company’s stock valued at $16,371,000 after buying an additional 38,400 shares during the last quarter. Institutional investors and hedge funds own 47.12% of the company’s stock.

NYSE GLOG traded up $0.25 during midday trading on Thursday, hitting $19.70. The company had a trading volume of 5,991 shares, compared to its average volume of 306,301. GasLog has a twelve month low of $15.75 and a twelve month high of $22.55. The company has a quick ratio of 1.17, a current ratio of 1.20 and a debt-to-equity ratio of 1.58.

GasLog (NYSE:GLOG) last issued its quarterly earnings results on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). GasLog had a net margin of 5.56% and a negative return on equity of 0.31%. The business had revenue of $126.61 million during the quarter, compared to the consensus estimate of $139.78 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. equities analysts anticipate that GasLog will post 0.15 EPS for the current fiscal year.

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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Analyst Recommendations for GasLog (NYSE:GLOG)

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