GasLog LP. (GLOG) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of GasLog LP. (NYSE:GLOG) in a research note released on Friday, November 3rd. The firm currently has a $19.00 target price on the shipping company’s stock.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of GasLog LP. from a sell rating to a hold rating in a research report on Monday, October 16th. BidaskClub upgraded shares of GasLog LP. from a hold rating to a buy rating in a research report on Friday, August 25th. DNB Markets downgraded shares of GasLog LP. from a buy rating to a hold rating and set a $17.80 price target on the stock. in a research report on Wednesday, September 13th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $18.98.

Shares of GasLog LP. (NYSE:GLOG) traded up $0.20 during trading on Friday, reaching $17.95. 283,982 shares of the company were exchanged, compared to its average volume of 429,097. The company has a market capitalization of $1,431.53, a P/E ratio of 355.00 and a beta of 1.26. GasLog LP. has a 12 month low of $12.75 and a 12 month high of $19.20. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 1.48.

GasLog LP. (NYSE:GLOG) last issued its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. GasLog LP. had a net margin of 7.34% and a return on equity of 0.19%. The company had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts predict that GasLog LP. will post 0.06 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a $0.14 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.12%. GasLog LP.’s payout ratio is currently 160.00%.

Large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of GasLog LP. in the 3rd quarter worth about $103,000. Tudor Investment Corp ET AL bought a new stake in shares of GasLog LP. in the 1st quarter worth about $182,000. Cubist Systematic Strategies LLC lifted its holdings in shares of GasLog LP. by 23.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after acquiring an additional 2,403 shares during the last quarter. QS Investors LLC bought a new stake in shares of GasLog LP. in the 2nd quarter worth about $194,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of GasLog LP. in the 2nd quarter worth about $244,000. 50.57% of the stock is owned by institutional investors and hedge funds.

GasLog LP. Company Profile

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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