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Positive News Coverage Very Likely to Affect GasLog (GLOG) Share Price

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04 June, 2017

Wells Fargo downgraded the stock to "Market Perform" rating in Thursday, December 17 report. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut GasLog from a "buy" rating to a "hold" rating in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. raised GasLog from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $14.00 in a research report on Tuesday, February 21st.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of GasLog Ltd. (NYSE:GLOG).

Credit Suisse began new coverage on GasLog Ltd. giving the company a "outperform" rating. The company now has an average rating of "Buy" and an average target price of $19.43. Seaport Global Securities initiated GasLog Ltd (NYSE:GLOG) rating on Wednesday, November 23.

According to the the latest analyst ratings which have been released, 7 brokers have issued a rating of "buy", 7 brokers "outperform", 2 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Seaport Global Securities has "Buy" rating and $23 target.

GasLog (NYSE:GLOG) opened at 13.80 on Tuesday. The company had a trading volume of 377,913 shares.

GasLog Ltd. has a 50 day moving average of 13.74 and a 200 day moving average of 15.37. The stock's market capitalization is 1.10B, it has a 52-week low of 11.58 and a 52-week high of 17.85. ABN Amro upgraded the stock to "Buy" rating in Friday, September 4 report. The shipping company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.02. GasLog had a negative net margin of 10.57% and a negative return on equity of 0.14%. The business had revenue of $128.30 million for the quarter, compared to analyst estimates of $129.35 million. During the same period in the prior year, the company posted ($0.09) earnings per share. GasLog's revenue was up 22.9% on a year-over-year basis. It now has negative earnings. The company also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Monday, May 15th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, May 11th. GasLog has a payout ratio of 329.4% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. The company now has a consensus rating of "Buy" and a consensus price target of $19.43. HITE Hedge Asset Management LLC purchased a new position in GasLog during the first quarter valued at approximately $12,032,000. Point72 Europe London LLP purchased a new position in GasLog during the first quarter valued at approximately $3,875,000. State Street Corp boosted its position in GasLog by 9.4% in the fourth quarter. Cipher Capital LP now owns 175,116 shares of the shipping company's stock worth $2,820,000 after buying an additional 20,749 shares during the period. Geode Capital Management LLC raised its stake in shares of GasLog by 16.1% in the first quarter.

GasLog Ltd.is an global owner, operator and manager of liquefied natural gas carriers. The Company provides support to worldwide energy companies as part of their LNG logistics chain.


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