The stock of GasLog Ltd (NYSE:GLOG) is a huge mover today! The stock increased 4.15% or $0.58 during the last trading session, hitting $14.55. About 571,837 shares traded hands or 10.36% up from the average. GasLog Ltd (NYSE:GLOG) has risen 48.14% since February 26, 2016 and is uptrending. It has outperformed by 37.72% the S&P500.
The move comes after 7 months positive chart setup for the $1.15 billion company. It was reported on Oct, 1 by Barchart.com. We have $24.59 PT which if reached, will make NYSE:GLOG worth $793.50 million more.
Analysts await GasLog Ltd (NYSE:GLOG) to report earnings on November, 3. They expect $0.04 EPS, up 180.00% or $0.09 from last year’s $-0.05 per share. GLOG’s profit will be $3.16M for 90.94 P/E if the $0.04 EPS becomes a reality. After $-0.01 actual EPS reported by GasLog Ltd for the previous quarter, Wall Street now forecasts -500.00% EPS growth.
GasLog Ltd (NYSE:GLOG) Ratings Coverage
Out of 8 analysts covering GasLog (NYSE:GLOG), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. GasLog has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 7 by Citigroup. As per Wednesday, March 16, the company rating was downgraded by JP Morgan. The firm has “Hold” rating by Danske Bank given on Tuesday, August 18. Citigroup downgraded the stock to “Neutral” rating in Monday, February 22 report. The firm earned “Outperform” rating on Friday, February 26 by Cowen & Co. The stock has “Market Perform” rating given by Wells Fargo on Thursday, December 17. The firm earned “Buy” rating on Friday, September 4 by ABN Amro.
According to Zacks Investment Research, “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.”
More notable recent GasLog Ltd (NYSE:GLOG) news were published by: Quotes.Wsj.com which released: “GasLog Ltd. GLOG (US: NYSE)” on March 24, 2012, also Globenewswire.com with their article: “GasLog Ltd. and GasLog Partners’ 2016 Investor Presentation” published on June 20, 2016, Globenewswire.com published: “GasLog Ltd. and GasLog Partners LP Announce 2016 Investor Update Presentation” on May 25, 2016. More interesting news about GasLog Ltd (NYSE:GLOG) were released by: Businesswire.com and their article: “GasLog Ltd. Completes $1.3 Billion Financing Facility For Eight Newbuildings” published on October 19, 2015 as well as Seekingalpha.com‘s news article titled: “GasLog Ltd.: A View From The Perspective Of A Preferred Investor” with publication date: July 28, 2016.
GLOG Company Profile
GasLog Ltd. (GasLog), incorporated on July 16, 2003, is a holding company. The Firm and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. The Firm provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services. The Firm conducts its activities through its vessel-owning subsidiaries and through its vessel management services subsidiary. The Company’s subsidiaries include GasLog Investments Ltd., GasLog Carriers Ltd., GasLog Shipping Company Ltd., GasLog Monaco S.A.M., GAS-one Ltd., GAS-seven Ltd., GAS-twelve Ltd., GAS-twenty one Ltd., GasLog Shipping Limited, GasLog Partners LP and Egypt LNG Shipping Ltd.
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