November 23, 2016 - By Nellie Frank
Seaport Global issued a Neutral rating on GasLog (NYSE:GLOG). The firm has started coverage on shares of GLOG in a an analyst note shared with investors on 23 November. Seaport Global’s target gives upside of 10.77% from the company’s previous stock close.
Out of 8 analysts covering GasLog (NYSE:GLOG), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $26 is the highest target while $7 is the lowest. The $14.14 average target is -12.72% below today’s ($16.2) stock price. GasLog has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of GasLog Ltd (NYSE:GLOG) earned “Market Perform” rating by Wells Fargo on Thursday, December 17. Danske Bank initiated GasLog Ltd (NYSE:GLOG) rating on Tuesday, August 18. Danske Bank has “Hold” rating and $15 price target. The firm earned “Underweight” rating on Wednesday, March 16 by JP Morgan. The rating was downgraded by Citigroup to “Neutral” on Monday, February 22. Cowen & Co maintained GasLog Ltd (NYSE:GLOG) rating on Friday, February 26. Cowen & Co has “Outperform” rating and $20 price target. The rating was upgraded by ABN Amro to “Buy” on Friday, September 4. The rating was maintained by Citigroup on Friday, August 7 with “Buy”.
About 189,090 shares traded hands. GasLog Ltd (NYSE:GLOG) has risen 35.65% since April 21, 2016 and is uptrending. It has outperformed by 30.32% the S&P500.
GasLog Ltd. is a holding company. The company has a market cap of $1.31 billion. The Firm and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the liquefied natural gas (LNG) market. It currently has negative earnings. The Firm is provides maritime services for the transportation of LNG on worldwide basis and LNG vessel management services.
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.”
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.
More notable recent GasLog Ltd (NYSE:GLOG) news were published by: Streetinsider.com which released: “Seaport Global Securities Starts GasLog Ltd. (GLOG) at Neutral” on November 23, 2016, also Globenewswire.com with their article: “GasLog Ltd. Announces a Charter to Centrica for Seven Years and Places a …” published on October 20, 2016, Globenewswire.com published: “GasLog Partners LP Announces Closing Of GasLog Seattle Acquisition From GasLog …” on November 01, 2016. More interesting news about GasLog Ltd (NYSE:GLOG) were released by: Quotes.Wsj.com and their article: “GasLog Ltd. GLOG (US: NYSE)” published on March 24, 2012 as well as Reuters.com‘s news article titled: “BRIEF-Gaslog partners buys Gaslog Seattle from Gaslog Ltd For $189 mln” with publication date: October 27, 2016.
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By Nellie Frank