Jefferies Group LLC reissued their buy rating on shares of GasLog Partners LP (NYSE:GLOP) in a research note published on Tuesday, July 4th. Jefferies Group LLC currently has a $28.00 price target on the shipping company’s stock.
Several other brokerages also recently weighed in on GLOP. TheStreet upgraded GasLog Partners from a c- rating to a b rating in a research report on Monday, May 8th. Morgan Stanley upgraded GasLog Partners from an equal weight rating to an overweight rating and upped their price objective for the stock from $23.50 to $26.00 in a research report on Tuesday, June 13th. Finally, Barclays PLC began coverage on GasLog Partners in a research report on Friday, April 21st. They set an equal weight rating and a $26.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $25.40.
Shares of GasLog Partners (NYSE GLOP) traded down 0.40% on Tuesday, hitting $25.00. The company’s stock had a trading volume of 252,767 shares. The firm has a market cap of $877.40 million, a price-to-earnings ratio of 11.54 and a beta of 1.64. GasLog Partners has a 52 week low of $18.82 and a 52 week high of $25.45. The stock’s 50-day moving average price is $23.43 and its 200-day moving average price is $23.27.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.11. The company had revenue of $65.27 million for the quarter, compared to analyst estimates of $61.86 million. GasLog Partners had a return on equity of 12.30% and a net margin of 35.43%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities analysts expect that GasLog Partners will post $2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from GasLog Partners’s previous quarterly dividend of $0.43. This represents a $2.04 annualized dividend and a yield of 8.16%. GasLog Partners’s dividend payout ratio (DPR) is currently 93.02%.
Institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC purchased a new position in GasLog Partners during the first quarter valued at approximately $1,215,000. Kayne Anderson Capital Advisors LP increased its position in GasLog Partners by 15.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,342,233 shares of the shipping company’s stock valued at $57,376,000 after buying an additional 305,672 shares in the last quarter. Essex Financial Services Inc. purchased a new position in GasLog Partners during the first quarter valued at approximately $204,000. Searle & CO. increased its position in GasLog Partners by 41.5% in the first quarter. Searle & CO. now owns 49,400 shares of the shipping company’s stock valued at $1,210,000 after buying an additional 14,500 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in GasLog Partners by 35.6% in the first quarter. Wells Fargo & Company MN now owns 131,430 shares of the shipping company’s stock valued at $3,220,000 after buying an additional 34,540 shares in the last quarter. Hedge funds and other institutional investors own 58.82% of the company’s stock.
GasLog Partners Company Profile
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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