GasLog Partners LP (NYSE:GLOP) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 374,762 shares, a decline of 30.9% from the February 15th total of 542,068 shares. Based on an average trading volume of 214,094 shares, the days-to-cover ratio is presently 1.8 days.
GLOP has been the topic of several recent analyst reports. TheStreet raised GasLog Partners from a “d+” rating to a “c-” rating in a report on Thursday, February 23rd. Zacks Investment Research raised GasLog Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. GasLog Partners has a consensus rating of “Buy” and an average price target of $22.33.
GasLog Partners (NYSE:GLOP) traded up 0.106% on Thursday, reaching $23.525. The company’s stock had a trading volume of 52,016 shares. GasLog Partners has a 12 month low of $17.26 and a 12 month high of $24.85. The firm has a market cap of $825.63 million, a P/E ratio of 10.856 and a beta of 1.66. The firm’s 50 day moving average is $23.94 and its 200-day moving average is $21.93.
GasLog Partners (NYSE:GLOP) last released its earnings results on Friday, January 27th. The shipping company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.10. The company had revenue of $57.90 million for the quarter, compared to analyst estimates of $53.58 million. GasLog Partners had a net margin of 34.16% and a return on equity of 11.68%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. On average, equities research analysts anticipate that GasLog Partners will post $2.43 EPS for the current year.
A number of large investors have recently made changes to their positions in GLOP. Duff & Phelps Investment Management Co. raised its stake in shares of GasLog Partners by 50.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,518,330 shares of the shipping company’s stock worth $33,084,000 after buying an additional 510,500 shares during the period. Partnervest Advisory Services LLC boosted its stake in GasLog Partners by 5.2% in the third quarter. Partnervest Advisory Services LLC now owns 17,773 shares of the shipping company’s stock valued at $387,000 after buying an additional 872 shares in the last quarter. Wells Fargo & Company MN boosted its stake in GasLog Partners by 2.7% in the third quarter. Wells Fargo & Company MN now owns 55,020 shares of the shipping company’s stock valued at $1,199,000 after buying an additional 1,471 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in GasLog Partners during the third quarter valued at approximately $51,722,000. Finally, PNC Financial Services Group Inc. boosted its stake in GasLog Partners by 8.9% in the third quarter. PNC Financial Services Group Inc. now owns 24,500 shares of the shipping company’s stock valued at $534,000 after buying an additional 2,000 shares in the last quarter. 56.55% of the stock is currently owned by institutional investors and hedge funds.
About GasLog Partners
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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