GasLog LP. (GLOG) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of GasLog LP. (NYSE:GLOG) from a buy rating to a hold rating in a research report report published on Tuesday morning.

GLOG has been the subject of a number of other research reports. Zacks Investment Research cut GasLog LP. from a hold rating to a sell rating in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a buy rating and issued a $20.00 price objective on shares of GasLog LP. in a research note on Thursday, August 3rd. Morgan Stanley raised GasLog LP. from an equal weight rating to an overweight rating and set a $17.00 price objective for the company in a research note on Tuesday, June 13th. Finally, ValuEngine raised GasLog LP. from a sell rating to a hold rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.98.

Shares of GasLog LP. (NYSE:GLOG) opened at 16.85 on Tuesday. The company’s market cap is $1.35 billion. The firm has a 50-day moving average price of $16.74 and a 200 day moving average price of $15.27. GasLog LP. has a 1-year low of $12.70 and a 1-year high of $18.35.

GasLog LP. (NYSE:GLOG) last announced its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The firm had revenue of $129.90 million during the quarter, compared to analyst estimates of $128.14 million. During the same period last year, the business posted ($0.01) EPS. The company’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that GasLog LP. will post $0.10 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Monday, August 14th were issued a $0.14 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.32%. GasLog LP.’s dividend payout ratio is presently -800.00%.

Several hedge funds have recently bought and sold shares of GLOG. Teachers Advisors LLC lifted its holdings in shares of GasLog LP. by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 68,520 shares of the shipping company’s stock valued at $1,103,000 after purchasing an additional 1,678 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of GasLog LP. by 112.8% in the first quarter. Nationwide Fund Advisors now owns 57,358 shares of the shipping company’s stock valued at $880,000 after purchasing an additional 30,406 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of GasLog LP. by 108.0% in the first quarter. Russell Investments Group Ltd. now owns 26,000 shares of the shipping company’s stock valued at $399,000 after purchasing an additional 13,500 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of GasLog LP. by 235.0% in the first quarter. Wells Fargo & Company MN now owns 175,555 shares of the shipping company’s stock valued at $2,695,000 after purchasing an additional 123,146 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of GasLog LP. by 66,500.0% in the first quarter. Canada Pension Plan Investment Board now owns 66,600 shares of the shipping company’s stock valued at $1,022,000 after purchasing an additional 66,500 shares in the last quarter. Institutional investors own 48.51% of the company’s stock.

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.

Analyst Recommendations for GasLog LP. (NYSE:GLOG)

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