GasLog (NYSE:GLOG) Downgraded by TheStreet to “D+”

TheStreet cut shares of GasLog (NYSE:GLOG) from a c- rating to a d+ rating in a research note released on Tuesday morning, TheStreetRatingsTable reports.

A number of other brokerages have also recently weighed in on GLOG. Citigroup cut GasLog from a buy rating to a neutral rating and reduced their price target for the stock from $15.00 to $6.00 in a research report on Friday, February 7th. BTIG Research reduced their price target on GasLog to $16.00 and set a buy rating for the company in a research report on Monday, November 11th. Zacks Investment Research cut GasLog from a hold rating to a sell rating in a research report on Friday, January 24th. Finally, Fearnley Fonds cut GasLog from a buy rating to a hold rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $13.75.

Shares of NYSE:GLOG opened at $6.17 on Tuesday. GasLog has a fifty-two week low of $5.25 and a fifty-two week high of $18.28. The business has a 50-day moving average of $8.00 and a two-hundred day moving average of $11.06. The stock has a market capitalization of $509.37 million, a P/E ratio of -4.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.70.

GasLog (NYSE:GLOG) last announced its quarterly earnings results on Thursday, February 6th. The shipping company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). GasLog had a positive return on equity of 1.69% and a negative net margin of 15.06%. The company had revenue of $182.25 million during the quarter, compared to analyst estimates of $179.33 million. As a group, research analysts expect that GasLog will post 0.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 9.72%. GasLog’s dividend payout ratio is presently 206.90%.

Several hedge funds and other institutional investors have recently bought and sold shares of GLOG. Jefferies Group LLC acquired a new position in GasLog in the 4th quarter valued at approximately $149,000. Cubist Systematic Strategies LLC raised its holdings in GasLog by 419,950.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 16,802 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 16,798 shares in the last quarter. Spark Investment Management LLC acquired a new position in GasLog in the 4th quarter valued at approximately $244,000. Advisory Services Network LLC raised its holdings in GasLog by 48.9% in the 4th quarter. Advisory Services Network LLC now owns 25,114 shares of the shipping company’s stock valued at $246,000 after acquiring an additional 8,250 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in GasLog in the 4th quarter valued at approximately $303,000. 39.75% of the stock is owned by institutional investors and hedge funds.

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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