GasLog Partners LP (NYSE:GLOP) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $26.00.
Several equities analysts recently commented on the stock. BidaskClub cut shares of GasLog Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of GasLog Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Morgan Stanley upgraded shares of GasLog Partners from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.50 to $26.00 in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of GasLog Partners in a research note on Tuesday, July 4th.
GasLog Partners (NYSE GLOP) traded up 2.66% during midday trading on Wednesday, hitting $23.15. 998,219 shares of the stock traded hands. The company has a 50-day moving average of $23.05 and a 200-day moving average of $23.40. The stock has a market cap of $913.59 million, a PE ratio of 11.60 and a beta of 1.67. GasLog Partners has a 1-year low of $19.10 and a 1-year high of $25.45.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 35.43% and a return on equity of 12.06%. GasLog Partners’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, equities analysts expect that GasLog Partners will post $2.24 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in GLOP. FMR LLC raised its stake in shares of GasLog Partners by 82.8% in the 1st quarter. FMR LLC now owns 2,047,700 shares of the shipping company’s stock valued at $50,169,000 after buying an additional 927,600 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of GasLog Partners by 43.5% in the 1st quarter. OppenheimerFunds Inc. now owns 2,500,867 shares of the shipping company’s stock valued at $61,271,000 after buying an additional 758,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of GasLog Partners by 43,473.4% in the 1st quarter. JPMorgan Chase & Co. now owns 458,828 shares of the shipping company’s stock valued at $11,242,000 after buying an additional 457,775 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of GasLog Partners by 51.2% in the 2nd quarter. Global X Management Co. LLC now owns 549,001 shares of the shipping company’s stock valued at $12,435,000 after buying an additional 185,941 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. raised its stake in shares of GasLog Partners by 103.4% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock valued at $6,585,000 after buying an additional 147,775 shares in the last quarter. Institutional investors own 39.84% of the company’s stock.
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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