The stock of GasLog Ltd (NYSE:GLOG) hit a new 52-week high and has $25.09 target or 48.00% above today’s $16.95 share price. The 8 months bullish chart indicates low risk for the $1.40 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $25.09 price target is reached, the company will be worth $672.00 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 329,482 shares traded hands. GasLog Ltd (NYSE:GLOG) has risen 50.87% since March 16, 2016 and is uptrending. It has outperformed by 45.32% the S&P500.
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 $3.30 million for 105.94 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. On Friday, February 26 the stock rating was maintained by Cowen & Co with “Outperform”. On Friday, August 7 the stock rating was maintained by Citigroup with “Buy”. The rating was downgraded by JP Morgan on Wednesday, March 16 to “Underweight”. As per Friday, September 4, the company rating was upgraded by ABN Amro. The stock has “Neutral” rating given by Citigroup on Monday, February 22. On Tuesday, August 18 the stock rating was initiated by Danske Bank with “Hold”. Wells Fargo downgraded the shares of GLOG in a report on Thursday, December 17 to “Market Perform” 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: Businesswire.com which released: “GasLog Ltd. Completes $1.3 Billion Financing Facility For Eight Newbuildings” on October 19, 2015, also Globenewswire.com with their article: “GasLog Ltd. Announces 2016 Annual General Meeting” published on February 25, 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: Globenewswire.com and their article: “GasLog Ltd. Announces Election of Directors at 2016 Annual General Meeting of …” published on May 05, 2016 as well as Businesswire.com‘s news article titled: “GasLog Partners LP Announces Acquisition of Three Vessels from GasLog Ltd. for …” with publication date: June 22, 2015.
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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