GasLog LP. (GLOG) : Traders are bullish on GasLog LP. (GLOG) as it has outperformed the S&P 500 by a wide margin of 8.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.01%, 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 1.97% in the last 1 week, and is up 8.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
GasLog Ltd. is up 26.32% in the last 3-month period. Year-to-Date the stock performance stands at 80.34%. The stock has recorded a 20-day Moving Average of 5.23% and the 50-Day Moving Average is 9.52%.
GasLog LP. (NYSE:GLOG): The stock opened at $14.76 on Friday but the bulls could not build on the opening and the stock topped out at $14.76 for the day. The stock traded down to $14.36 during the day, due to lack of any buying support eventually closed down at $14.46 with a loss of -2.56% for the day. The stock had closed at $14.84 on the previous day. The total traded volume was 557,431 shares.
Also, Citigroup maintains its view on GasLog LP. (NYSE:GLOG) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $13 per share to $15 per share on GasLog LP.. 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.