Could GasLog Ltd Lose Strenght? Option Traders Don’t Think So

 Could GasLog Ltd Lose Strenght? Option Traders Don't Think So

In today’s session GasLog Ltd (GLOG) registered an unusually high (256) 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 256 contracts traded and 5274 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: GLOG170217C00017500 closed last at: $0.8 or 0% . About 39,107 shares traded hands. GasLog Ltd (NYSE:GLOG) has risen 26.35% since April 22, 2016 and is uptrending. It has outperformed by 20.94% the S&P500.

Analysts await GasLog Ltd (NYSE:GLOG) to report earnings on February, 23. They expect $0.06 EPS, up 400.00% or $0.08 from last year’s $-0.02 per share. GLOG’s profit will be $4.82M for 66.46 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by GasLog Ltd for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

GasLog Ltd (NYSE:GLOG) Ratings Coverage

Out of 9 analysts covering GasLog (NYSE:GLOG), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $26 is the highest target while $7 is the lowest. The $14.63 average target is -8.28% below today’s ($15.95) stock price. GasLog has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, February 26 by Cowen & Co. The stock of GasLog Ltd (NYSE:GLOG) has “Buy” rating given on Friday, August 7 by Citigroup. The stock of GasLog Ltd (NYSE:GLOG) earned “Buy” rating by ABN Amro on Friday, September 4. The firm earned “Neutral” rating on Wednesday, November 23 by Seaport Global Securities. The firm earned “Neutral” rating on Monday, February 22 by Citigroup. The stock has “Market Perform” rating given by Wells Fargo on Thursday, December 17. The rating was initiated by Danske Bank on Tuesday, August 18 with “Hold”. JP Morgan downgraded the stock to “Underweight” rating in Wednesday, March 16 report.

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 $1.28 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: Reuters.com which released: “BRIEF-Gaslog partners buys Gaslog Seattle from Gaslog Ltd For $189 mln” on October 27, 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: Globenewswire.com and their article: “GasLog Ltd. and GasLog Partners LP Announce 2016 Investor Update Presentation” published on May 25, 2016 as well as Globenewswire.com‘s news article titled: “GasLog Ltd. Announces the Delivery of the GasLog Greece” with publication date: March 31, 2016.

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