GasLog (NYSE:GLOG) Announces Quarterly Earnings Results

GasLog (NYSE:GLOG) posted its quarterly earnings data on Thursday. The shipping company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07, Briefing.com reports. The company had revenue of $154.25 million during the quarter, compared to analyst estimates of $153.75 million. GasLog had a negative net margin of 0.74% and a positive return on equity of 3.64%. GasLog’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share.

Shares of GLOG traded down $0.65 during trading hours on Friday, reaching $13.88. 350,080 shares of the company traded hands, compared to its average volume of 389,500. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 24.35 and a beta of 1.08. GasLog has a 12-month low of $12.94 and a 12-month high of $23.14. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average of $14.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, August 9th. GasLog’s dividend payout ratio is currently 105.26%.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC raised its holdings in shares of GasLog by 101.7% in the first quarter. Quantamental Technologies LLC now owns 3,833 shares of the shipping company’s stock valued at $67,000 after acquiring an additional 1,933 shares in the last quarter. Osborn Williams & Donohoe LLC bought a new stake in shares of GasLog in the first quarter valued at about $131,000. Duff & Phelps Investment Management Co. bought a new stake in shares of GasLog in the second quarter valued at about $144,000. BNP Paribas Arbitrage SA raised its holdings in shares of GasLog by 498.5% in 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 in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of GasLog in the first quarter valued at about $253,000. 41.89% of the stock is owned by hedge funds and other institutional investors.

GLOG has been the subject of several recent analyst reports. ValuEngine lowered shares of GasLog from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Pareto Securities raised shares of GasLog from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus raised shares of GasLog from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $18.00 in a research note on Tuesday, June 25th. Finally, Zacks Investment Research lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $20.85.

GasLog Company Profile

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.

Featured Story: What are different types of coverage ratios?

Earnings History for GasLog (NYSE:GLOG)

Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.