In today’s session GasLog Ltd (GLOG) registered an unusually high (175) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious GLOG increase. With 175 contracts traded and 2824 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: GLOG170217C00017500 closed last at: $1.1 or 8.3% down. About 153,172 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 earnings per share, 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 earnings per share 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. The firm earned “Hold” rating on Tuesday, August 18 by Danske Bank. ABN Amro upgraded GasLog Ltd (NYSE:GLOG) on Friday, September 4 to “Buy” rating. The rating was downgraded by Citigroup on Monday, February 22 to “Neutral”. Citigroup maintained the stock with “Buy” rating in Friday, August 7 report. As per Friday, February 26, the company rating was maintained by Cowen & Co. As per Thursday, December 17, the company rating was downgraded by Wells Fargo. JP Morgan downgraded GasLog Ltd (NYSE:GLOG) rating on Wednesday, March 16. JP Morgan has “Underweight” rating and $9 price target.
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. is a holding company. The company has a market cap of $1.40 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.
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: 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.
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