GasLog LP. (GLOG) Shares are Up 1.07%

GasLog LP. (GLOG) : Traders are bullish on GasLog LP. (GLOG) as it has outperformed the S&P 500 by a wide margin of 4.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.07% in the last 1 week, and is up 5.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5.74% and the 50-Day Moving Average is 8.61%. GasLog LP. (NYSE:GLOG): On Fridays trading session , Opening price of the stock was $14.25 with an intraday high of $14.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14. However, the stock managed to close at $14.18, a loss of 0.63% for the day. On the previous day, the stock had closed at $14.27. The total traded volume of the day was 515,455 shares.


Institutional Investors own 48.09% of GasLog LP. shares. Also, Brokerage firm Citigroup maintains its rating on GasLog LP. (NYSE:GLOG). As per the latest information, the brokerage house raises the price target to $15 per share from a prior target of $13. The shares have been rated Neutral. The rating by the firm was issued on August 5, 2016.

GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the Liquefied natural gas (LNG) market. The Company operates in two segments: vessel ownership and vessel management. The Company provides maritime services for the transportation of LNG on a across the world basis and LNG vessel management services. The Company conducts its operations through its vessel-owning subsidiaries and through its vessel management services subsidiary. Its 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 and Egypt LNG Shipping Ltd., among others. Its wholly owned fleet consists of approximately 20 LNG carriers, including over 11 ships in operation, over seven LNG carriers on order at Samsung and over two LNG carriers on order at Hyundai.

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