GasLog (NYSE:GLOG) released its quarterly earnings data on Sunday. The shipping company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02, MarketWatch Earnings reports. GasLog had a positive return on equity of 1.81% and a negative net margin of 18.58%.
GasLog stock traded down $0.06 during midday trading on Tuesday, hitting $5.84. The stock had a trading volume of 8,206,174 shares, compared to its average volume of 2,433,671. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 2.08. The stock has a market cap of $555.47 million, a P/E ratio of -3.54 and a beta of 1.34. GasLog has a 12 month low of $2.23 and a 12 month high of $6.50. The business has a fifty day moving average price of $4.77 and a 200 day moving average price of $3.49.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 11th. Investors of record on Thursday, March 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.42%. The ex-dividend date is Wednesday, March 3rd. GasLog’s dividend payout ratio is currently 68.97%.
A number of analysts have recently issued reports on the company. BTIG Research lowered GasLog from a “buy” rating to a “neutral” rating in a research report on Tuesday. Stifel Nicolaus lowered GasLog from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group lowered GasLog from a “buy” rating to a “hold” rating and lifted their target price for the stock from $5.50 to $5.80 in a research report on Tuesday. TheStreet raised GasLog from a “d+” rating to a “c-” rating in a research report on Wednesday, December 30th. Finally, Zacks Investment Research raised GasLog from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. GasLog presently has an average rating of “Hold” and a consensus price target of $4.91.
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 2, 2020, it operated a fleet of 28 LNG carriers.
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