Citigroup Maintains GasLog Ltd to Neutral with Price Target $15.00

Brokerage firm Citigroup Maintains its rating on GasLog Ltd(NYSE:GLOG). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 5, 2016.

GasLog Ltd (GLOG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.14% or 0.02 points. Due to strong positive momentum, the stock ended at $14.71, which is also near the day’s high of $14.84. The stock began the session at $14.66 and the volume stood at 5,79,233 shares. The 52-week high of the shares is $14.88 and the 52 week low is $5.24. The company has a current market capitalization of $1,184 M and it has 8,04,96,499 shares in outstanding.

GasLog Ltd(GLOG) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $114.47M. Analysts had an estimated revenue of $111.04M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.05.

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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