In today’s recent session, 13,877,097 shares of the GasLog Ltd.(NYSE:GLOG) have been traded, and its beta is 1.38. Most recently the company’s share price was $5.86, and it changed around $0.91 or 0.18% from the last close, which brings the market valuation of the company to $559Million. GLOG at last check was trading at a discount to its 52-week high of $6.5, offering almost -10.92% off that amount. The share price’s 52-week low was $2.23, which indicates that the recent value has risen by an impressive 61.95% since then. We note from GasLog Ltd.’s average daily trading volume that its 10-day average is 1.39 Million shares, with the 3-month average coming to 1.38 Million.
GasLog Ltd. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that 2 out of 10 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 3 recommended GLOG as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. GasLog Ltd. is expected to report earnings per share of $0.24 for the current quarter.
GasLog Ltd. (NYSE:GLOG): Trading Information Today
Instantly GLOG has been showing a green trend so far today with a performance of 18.38% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.89- on Monday, Feb 22 increased the stock’s daily price by 0.42%. The company’s shares are currently up 0.58% year-to-date, but still up 0.1897 over the last five days. On the other hand, GasLog Ltd. (NYSE:GLOG) is 0.25% up in the 30-day period. We can see from the shorts that 6.02 Million shares have been sold at a short interest cover period of 4.36 day(s).
The consensus price target as assigned by Wall Street analysts is $5.23, which translates to bears needing to reduce their stock price by -10.75% from its current value. Analyst projections state that GLOG is forecast to be at a low of $3.5 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +70.65% from its current level, while the stock would need to crash -40.27% from its current level to reach the projected low.
GasLog Ltd. (GLOG) projections and forecasts
GasLog Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +58.65 percent over the past six months and at a 31.03% annual growth rate that is well above the industry average of 7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +71.4% in revenue this quarter, and will report an increase of 120% in the next quarter. The year-over-year growth rate is expected to be -2.3%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $184.12 Million in revenue for the current quarter. 4 analysts expect GasLog Ltd. to make $198.57 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $182.25 Million and $172.39 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1%. Forecasts for the next quarter put sales growth at 15.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -35.5%. GasLog Ltd. earnings are expected to decrease by -394.1% in 2021, but the outlook is positive 30.54% per year for the next five years.
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GLOG Dividend Yield
GasLog Ltd.’s next quarterly earnings report is expected to be released around February 22, 2021. The annual dividend yield of the stock is 4.04 percent and its annual dividend per share was $0.2. It is important to note, however, that the 4.04% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.83% per year.
GasLog Ltd. (NYSE:GLOG)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 15.34% of GasLog Ltd. shares, and 21.84% of them are in the hands of institutional investors. The stock currently has a share float of 25.8%. GasLog Ltd. stock is held by 86 institutions, with Invesco Ltd. being the largest institutional investor. By Sep 29, 2020, it held 7% of the shares, which is about 6.65 Million shares worth $18.03 Million.
Dimensional Fund Advisors LP, with 3.58% or 3.41 Million shares worth $9.23 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.