Evercore ISI cut its outlook for GasLog today but still kept an optimistic stance for shares of the New York-listed LNG carrier owner.
Analyst Jonathan Chappell said he now expects GasLog to post a loss of $0.29 in 2016, worse than his prior call for $0.01 in earnings per share (EPS) for the full year.
He said the reduction was a result of a lower day rate and utilisation expectation for the LNG carrier sector, as well as higher expenses.
The analyst made the estimate changes after GasLog reported a deeper-than-expected first-quarter loss.
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