GasLog Ltd (GLOG) is Initiated by Seaport Global Securities to Neutral, Price Target at $18

GasLog Ltd (GLOG) was Initiated by Seaport Global Securities to “Neutral” and the brokerage firm has set the Price Target at $18. Seaport Global Securities advised their investors in a research report released on Nov 23, 2016.

On the company’s financial health, GasLog Ltd reported $0.05 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus estimate of $0.05. The company had revenue of $120.72 million for the quarter, compared to analysts expectations of $120.78 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

GasLog Ltd opened for trading at $15.9 and hit $16.25 on the upside on Monday, eventually ending the session at $16, with a gain of 0.63% or 0.1 points. The heightened volatility saw the trading volume jump to 3,06,827 shares. Company has a market cap of $1,288 M.

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.

GasLog Ltd

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