GasLog (NYSE:GLOG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

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. “

A number of other brokerages have also weighed in on GLOG. Pareto Securities lowered shares of GasLog from a “hold” rating to a “sell” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus decreased their target price on shares of GasLog from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Fearnley Fonds lowered shares of GasLog from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a research note on Tuesday, June 23rd. DNB Markets lowered shares of GasLog from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Monday, March 9th. Finally, ValuEngine upgraded shares of GasLog from a “sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.86.

NYSE GLOG traded up $0.32 during mid-day trading on Monday, reaching $2.94. The stock had a trading volume of 1,167,455 shares, compared to its average volume of 1,163,834. GasLog has a 1 year low of $2.55 and a 1 year high of $15.16. The stock has a market cap of $211.04 million, a PE ratio of -1.57 and a beta of 1.38. The company has a fifty day moving average price of $3.45 and a 200 day moving average price of $5.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.84 and a quick ratio of 0.81.

GasLog (NYSE:GLOG) last announced its quarterly earnings data on Thursday, May 7th. The shipping company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. GasLog had a negative net margin of 21.14% and a positive return on equity of 2.12%. The company had revenue of $165.90 million during the quarter, compared to analyst estimates of $164.71 million. As a group, equities research analysts expect that GasLog will post 0.21 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GLOG. State Street Corp boosted its holdings in GasLog by 11.7% in the 1st quarter. State Street Corp now owns 1,224,000 shares of the shipping company’s stock worth $4,431,000 after buying an additional 128,222 shares during the period. Royal Bank of Canada boosted its holdings in GasLog by 29.4% in the 1st quarter. Royal Bank of Canada now owns 20,183 shares of the shipping company’s stock worth $73,000 after buying an additional 4,585 shares during the period. Engineers Gate Manager LP bought a new position in GasLog in the 1st quarter worth $211,000. Squarepoint Ops LLC bought a new position in GasLog in the 1st quarter worth $72,000. Finally, Invesco Ltd. boosted its holdings in GasLog by 67.7% in the 1st quarter. Invesco Ltd. now owns 5,660,469 shares of the shipping company’s stock worth $20,491,000 after buying an additional 2,285,322 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

GasLog Company Profile

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 9 on order.

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