Today’s Rating On Watch: GasLog (NYSE:GLOG) Is Reaching An Inflection Point; Seaport Global Securities Starts At “Neutral” with $18.0 target

November 23, 2016 - By Nellie Frank

Today's Rating On Watch: GasLog (NYSE:GLOG) Is Reaching An Inflection Point; Seaport Global Securities Starts At

Why Seaport Global Securities Gives GasLog (NYSE:GLOG) $18.0 Price Target

In a a note sent to investors today, Seaport Global Securities analysts has begun GasLog (NYSE:GLOG) coverage with a “Neutral” rating, and a $18.0 price target.

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. $26 is the highest target while $7 is the lowest. The $14.14 average target is -13.78% below today’s ($16.4) stock price. GasLog has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Thursday, December 17 by Wells Fargo. JP Morgan downgraded the shares of GLOG in a report on Wednesday, March 16 to “Underweight” rating. The firm earned “Buy” rating on Friday, September 4 by ABN Amro. The firm has “Neutral” rating by Citigroup given on Monday, February 22. The company was maintained on Friday, August 7 by Citigroup. On Friday, February 26 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Hold” rating given on Tuesday, August 18 by Danske Bank.

The stock increased 0.31% or $0.05 on November 22, hitting $16.4. 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 $1.33 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.”

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.

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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