GasLog Ltd. (GLOG) Stock Price Declines Today

February 18, 2018 - By Hazel Jackson

The stock of GasLog Ltd. (NYSE:GLOG) is a huge mover today! The stock decreased 9.80% or $1.95 during the last trading session, reaching $17.95. About 970,840 shares traded or 136.32% up from the average. GasLog Ltd. (NYSE:GLOG) has risen 20.14% since February 18, 2017 and is uptrending. It has outperformed by 3.44% the S&P500.
The move comes after 8 months negative chart setup for the $1.84 billion company. It was reported on Feb, 18 by Barchart.com. We have $17.23 PT which if reached, will make NYSE:GLOG worth $73.44M less.

GasLog Ltd. (NYSE:GLOG) Ratings Coverage

Among 13 analysts covering GasLog (NYSE:GLOG), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. GasLog had 34 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 3 by Cowen & Co. As per Thursday, August 3, the company rating was maintained by Cowen & Co. The firm has “Market Perform” rating by Wells Fargo given on Thursday, December 17. The stock has “Underweight” rating by JP Morgan on Wednesday, March 16. Jefferies maintained GasLog Ltd. (NYSE:GLOG) on Friday, January 26 with “Buy” rating. The rating was downgraded by Citigroup to “Neutral” on Monday, February 22. The stock has “Neutral” rating by JP Morgan on Tuesday, February 21. Seaport Global Securities initiated the shares of GLOG in report on Wednesday, November 23 with “Neutral” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Buy”. Jefferies maintained the shares of GLOG in report on Tuesday, September 5 with “Buy” rating.

More news for GasLog Ltd. (NYSE:GLOG) were recently published by: Globenewswire.com, which released: “GasLog Ltd. Announces 2018 Annual General Meeting” on February 16, 2018. Globenewswire.com‘s article titled: “GasLog Ltd. Announces Date for 2017 Fourth-Quarter Results and 2018 Investor Day” and published on January 31, 2018 is yet another important article.

GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas carriers. The company has market cap of $1.84 billion. As of March 1, 2017, it owned a fleet of 27 LNG carriers, including 22 ships on the water and 5 on order, as well as had an LNG carrier leased back under a long-term bareboat charter. It has a 52.03 P/E ratio. The firm also offers technical ship management services for LNG carriers owned by third parties.

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