The stock of GasLog Ltd (NYSE:GLOG) hit a new 52-week high and has $18.69 target or 22.00% above today’s $15.32 share price. The 5 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $18.69 price target is reached, the company will be worth $275.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 325,928 shares traded hands. GasLog Ltd (NYSE:GLOG) has risen 37.92% since March 4, 2016 and is uptrending. It has outperformed by 29.88% the S&P500.
Analysts await GasLog Ltd (NYSE:GLOG) to report earnings on November, 3. They expect $0.04 earnings per share, up 180.00% or $0.09 from last year’s $-0.05 per share. GLOG’s profit will be $3.26M for 95.75 P/E if the $0.04 EPS becomes a reality. After $-0.01 actual earnings per share 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. On Tuesday, August 18 the stock rating was initiated by Danske Bank with “Hold”. The firm has “Buy” rating given on Friday, September 4 by ABN Amro. The stock has “Buy” rating given by Citigroup on Friday, August 7. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, December 17. The firm has “Outperform” rating by Cowen & Co given on Friday, February 26. The rating was downgraded by Citigroup to “Neutral” on Monday, February 22. JP Morgan downgraded the shares of GLOG in a report on Wednesday, March 16 to “Underweight” rating.
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: Globenewswire.com which released: “GasLog Ltd.: Completes Issuance of Bonds” on June 14, 2016, also Businesswire.com with their article: “GasLog Ltd. Completes $1.3 Billion Financing Facility For Eight Newbuildings” published on October 19, 2015, Globenewswire.com published: “GasLog Ltd. Announces 2016 Annual General Meeting” on February 25, 2016. More interesting news about GasLog Ltd (NYSE:GLOG) were released by: Globenewswire.com and their article: “GasLog Ltd. and GasLog Partners LP Announce 2016 Investor Update Presentation” published on May 25, 2016 as well as Quotes.Wsj.com‘s news article titled: “GasLog Ltd. GLOG (US: NYSE)” with publication date: March 24, 2012.
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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