Research Analysts Issue Forecasts for GasLog LP.’s FY2017 Earnings (GLOG)
GasLog LP. (NYSE:GLOG) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of GasLog in a report released on Tuesday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings per share of $0.05 for the year. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for GasLog’s Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.75 EPS.
A number of other brokerages also recently commented on GLOG. Zacks Investment Research upgraded shares of GasLog from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. DNB Markets downgraded shares of GasLog from a “buy” rating to a “hold” rating and set a $17.80 target price for the company. in a research note on Wednesday, September 13th. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 target price on shares of GasLog in a research note on Friday, November 3rd. Finally, BidaskClub downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $18.98.
GasLog (NYSE:GLOG) last released its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $131.24 million for the quarter, compared to analyst estimates of $132.32 million. GasLog had a net margin of 7.34% and a return on equity of 0.19%. The business’s revenue was up 8.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. GasLog’s dividend payout ratio (DPR) is currently 160.00%.
A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in shares of GasLog by 6.5% in the 1st quarter. Teachers Advisors LLC now owns 72,941 shares of the shipping company’s stock valued at $1,120,000 after acquiring an additional 4,421 shares during the period. Geode Capital Management LLC increased its stake in GasLog by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 67,250 shares of the shipping company’s stock worth $1,032,000 after buying an additional 9,320 shares during the period. Bank of America Corp DE increased its stake in GasLog by 57.9% during the 1st quarter. Bank of America Corp DE now owns 28,276 shares of the shipping company’s stock worth $435,000 after buying an additional 10,371 shares during the period. Schwab Charles Investment Management Inc. increased its stake in GasLog by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock worth $1,126,000 after buying an additional 12,000 shares during the period. Finally, Rhumbline Advisers increased its stake in GasLog by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 50,145 shares of the shipping company’s stock worth $765,000 after buying an additional 1,350 shares during the period. 47.83% of the stock is currently owned by institutional investors.
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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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