GasLog Partners (NYSE:GLOP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “
GLOP has been the topic of a number of other reports. BidaskClub lowered shares of GasLog Partners from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Barclays lowered their price target on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. ValuEngine lowered shares of GasLog Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target on shares of GasLog Partners in a research report on Friday, October 13th. Finally, Jefferies Group assumed coverage on shares of GasLog Partners in a research report on Monday, December 18th. They set a “buy” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. GasLog Partners currently has an average rating of “Buy” and an average target price of $26.40.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Thursday, October 26th. The shipping company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The business had revenue of $73.40 million for the quarter, compared to the consensus estimate of $72.11 million. During the same period in the prior year, the business posted $0.56 earnings per share. GasLog Partners’s revenue was up 11.2% compared to the same quarter last year. analysts anticipate that GasLog Partners will post 2.13 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in GasLog Partners by 2.9% during the second quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock worth $47,732,000 after buying an additional 59,678 shares in the last quarter. JPMorgan Chase & Co. grew its stake in GasLog Partners by 24.5% during the third quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock worth $13,538,000 after buying an additional 114,193 shares in the last quarter. Evergreen Capital Management LLC grew its stake in GasLog Partners by 83.9% during the third quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock worth $4,007,000 after buying an additional 78,625 shares in the last quarter. Wells Fargo & Company MN grew its stake in GasLog Partners by 5.4% during the third quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after buying an additional 7,932 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in GasLog Partners during the second quarter worth about $3,048,000. Hedge funds and other institutional investors own 42.27% of the company’s stock.
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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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