GasLog (GLOG) Sets New 52-Week Low at $14.47

GasLog Ltd (NYSE:GLOG) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.47 and last traded at $14.63, with a volume of 3847 shares. The stock had previously closed at $14.95.

Several brokerages have recently issued reports on GLOG. TheStreet downgraded shares of GasLog from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Zacks Investment Research downgraded shares of GasLog from a “buy” rating to a “sell” rating in a research note on Thursday, February 21st. Stifel Nicolaus set a $17.00 price objective on shares of GasLog and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, ValuEngine downgraded shares of GasLog from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.42.

The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.60 and a beta of 1.25. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

GasLog (NYSE:GLOG) last issued its earnings results on Friday, May 3rd. The shipping company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $166.55 million during the quarter, compared to analysts’ expectations of $152.94 million. GasLog had a return on equity of 3.13% and a net margin of 2.70%. GasLog’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. As a group, equities analysts predict that GasLog Ltd will post 0.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.60 annualized dividend and a yield of 4.07%. GasLog’s dividend payout ratio (DPR) is currently 105.26%.

A number of hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new position in shares of GasLog during the fourth quarter valued at $31,000. Bessemer Group Inc. bought a new position in shares of GasLog during the fourth quarter valued at $37,000. Osborn Williams & Donohoe LLC bought a new position in shares of GasLog during the first quarter valued at $131,000. BNP Paribas Arbitrage SA lifted its holdings in shares of GasLog by 498.5% during the first quarter. BNP Paribas Arbitrage SA now owns 8,481 shares of the shipping company’s stock valued at $148,000 after acquiring an additional 7,064 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of GasLog during the fourth quarter valued at $223,000. 42.74% of the stock is owned by hedge funds and other institutional investors.

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GasLog Company Profile (NYSE:GLOG)

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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