GasLog (NYSE:GLOG) Upgraded to Buy at Pareto Securities

Pareto Securities upgraded shares of GasLog (NYSE:GLOG) from a hold rating to a buy rating in a research note released on Friday, The Fly reports.

Several other equities research analysts have also recently commented on the stock. Stifel Nicolaus upgraded shares of GasLog from a hold rating to a buy rating and lifted their price target for the stock from $17.00 to $18.00 in a research report on Tuesday, June 25th. ValuEngine lowered shares of GasLog from a hold rating to a sell rating in a research note on Tuesday, May 7th. 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $20.85.

Shares of NYSE:GLOG opened at $12.70 on Friday. GasLog has a one year low of $12.68 and a one year high of $23.14. The business’s 50 day simple moving average is $14.17. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.03 and a current ratio of 1.07. The firm has a market cap of $1.12 billion, a PE ratio of 22.28 and a beta of 1.08.

GasLog (NYSE:GLOG) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07. GasLog had a negative net margin of 0.74% and a positive return on equity of 3.64%. The company had revenue of $154.25 million during the quarter, compared to analysts’ expectations of $153.75 million. During the same quarter in the previous year, the company earned ($0.07) EPS. GasLog’s revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts anticipate that GasLog will post 0.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, August 9th. GasLog’s payout ratio is 105.26%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its stake in GasLog by 3.0% in the first quarter. Rhumbline Advisers now owns 60,337 shares of the shipping company’s stock valued at $1,053,000 after buying an additional 1,753 shares in the last quarter. Quantamental Technologies LLC lifted its stake in 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 buying an additional 1,933 shares in the last quarter. Ballentine Partners LLC lifted its stake in GasLog by 7.8% in the first quarter. Ballentine Partners LLC now owns 52,729 shares of the shipping company’s stock valued at $921,000 after buying an additional 3,830 shares in the last quarter. Macquarie Group Ltd. lifted its stake in GasLog by 6.8% in the fourth quarter. Macquarie Group Ltd. now owns 79,907 shares of the shipping company’s stock valued at $1,316,000 after buying an additional 5,090 shares in the last quarter. Finally, Strs Ohio lifted its stake in GasLog by 14.5% in the second quarter. Strs Ohio now owns 48,900 shares of the shipping company’s stock valued at $704,000 after buying an additional 6,200 shares in the last quarter. 41.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for GasLog (NYSE:GLOG)

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