Zacks moves GasLog from Hold to Sell
Zacks Investment Research cut shares of Monaco-based GasLog from a hold rating to a sell rating in a research report published on December 18.
According to Zacks, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco.“
Other equities research analysts also recently issued reports about the stock. BTIG Research lowered their price target on shares of GasLog to $16.00 and set a buy rating on the stock in a report on Monday, November 11. Fearnley Fonds cut shares of GasLog from a buy rating to a hold rating in a research note on Tuesday, November 19. Finally, ValuEngine raised shares of GasLog from a sell rating to a hold rating in a report on Wednesday, October 2. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $17.25, according to slatersentinel.com.
GasLog last posted its earnings results on Wednesday, November 6. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). GasLog had a positive return on equity of 3.28% and a negative net margin of 5.44%. The company had revenue of $165.59 million for the quarter, compared to analysts’ expectations of $164.49 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts expect that GasLog will post 0.37 EPS for the current year.
The firm also recently declared a — dividend, which will be paid on Tuesday, December 31. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.38 per share. This represents a dividend yield of 6.2%. The ex-dividend date is Monday, December 23. GasLog’s dividend payout ratio (DPR) is presently 105.26%.
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 nine on order.