GasLog (NYSE:GLOG) released its quarterly earnings results on Sunday. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02, MarketWatch Earnings reports. GasLog had a negative net margin of 18.58% and a positive return on equity of 1.81%.
Shares of GLOG traded down $0.04 during mid-day trading on Tuesday, hitting $5.86. The company had a trading volume of 734,016 shares, compared to its average volume of 2,263,720. The business’s 50-day simple moving average is $4.77 and its 200-day simple moving average is $3.49. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 2.08. GasLog has a 1-year low of $2.23 and a 1-year high of $6.50. The stock has a market cap of $557.37 million, a PE ratio of -3.52 and a beta of 1.34.
A number of equities research analysts have commented on the stock. Clarkson Capital downgraded shares of GasLog from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Monday. Stifel Nicolaus cut shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet upgraded shares of GasLog from a “d+” rating to a “c-” rating in a research note on Wednesday, December 30th. BTIG Research cut shares of GasLog from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of GasLog from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.91.
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 2, 2020, it operated a fleet of 28 LNG carriers.
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