GasLog (NYSE:GLOG) Downgraded by Fearnley Fonds

Fearnley Fonds lowered shares of GasLog (NYSE:GLOG) from a buy rating to a hold rating in a report released on Tuesday, The Fly reports. Fearnley Fonds currently has $3.50 price target on the shipping company’s stock.

A number of other research analysts also recently commented on GLOG. Pareto Securities downgraded shares of GasLog from a hold rating to a sell rating in a research report on Tuesday, June 2nd. Zacks Investment Research raised shares of GasLog from a hold rating to a buy rating and set a $4.50 target price on the stock in a research report on Friday, May 8th. Stifel Nicolaus cut their price objective on shares of GasLog from $8.00 to $7.00 and set a buy rating on the stock in a research report on Friday, May 8th. DNB Markets downgraded shares of GasLog from a buy rating to a hold rating and set a $7.00 price objective on the stock. in a research report on Monday, March 9th. Finally, ValuEngine raised shares of GasLog from a sell rating to a hold rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $6.86.

Shares of GLOG opened at $2.73 on Tuesday. GasLog has a 1-year low of $2.57 and a 1-year high of $15.16. The company has a 50-day moving average of $3.57 and a 200 day moving average of $5.62. The firm has a market capitalization of $219.90 million, a price-to-earnings ratio of -1.46 and a beta of 1.37. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.84 and a quick ratio of 0.81.

GasLog (NYSE:GLOG) last posted its earnings results on Thursday, May 7th. The shipping company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $165.90 million for the quarter, compared to the consensus estimate of $164.71 million. GasLog had a negative net margin of 21.14% and a positive return on equity of 2.12%. On average, equities analysts anticipate that GasLog will post 0.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend was Friday, May 15th. GasLog’s payout ratio is 68.97%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of GasLog by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 88,071 shares of the shipping company’s stock worth $863,000 after purchasing an additional 3,920 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of GasLog by 4.6% during the fourth quarter. Macquarie Group Ltd. now owns 101,169 shares of the shipping company’s stock worth $990,000 after purchasing an additional 4,440 shares in the last quarter. Royal Bank of Canada lifted its position in shares of GasLog by 29.4% during the first quarter. Royal Bank of Canada now owns 20,183 shares of the shipping company’s stock worth $73,000 after purchasing an additional 4,585 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of GasLog by 70.2% during the first quarter. BNP Paribas Arbitrage SA now owns 12,534 shares of the shipping company’s stock worth $45,000 after purchasing an additional 5,171 shares in the last quarter. Finally, Cohen Capital Management Inc. lifted its position in shares of GasLog by 1.2% during the first quarter. Cohen Capital Management Inc. now owns 497,293 shares of the shipping company’s stock worth $1,800,000 after purchasing an additional 5,843 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

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 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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Analyst Recommendations for GasLog (NYSE:GLOG)

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