GasLog Partners LP Unit (GLOP) Sees Large Volume Increase

GasLog Partners LP Unit (NYSE:GLOP) shares saw an uptick in trading volume on Tuesday . 2,332,400 shares traded hands during trading, an increase of 1,544% from the previous session’s volume of 141,840 shares.The stock last traded at $25.00 and had previously closed at $24.65.

Several research firms have issued reports on GLOP. Berenberg Bank began coverage on GasLog Partners LP Unit in a research note on Thursday, September 6th. They set a “buy” rating and a $29.00 target price for the company. B. Riley initiated coverage on GasLog Partners LP Unit in a research note on Wednesday, September 5th. They issued a “neutral” rating and a $27.00 price objective for the company. BTIG Research initiated coverage on GasLog Partners LP Unit in a research note on Wednesday, July 18th. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research cut GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine cut GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. GasLog Partners LP Unit has a consensus rating of “Buy” and an average price target of $27.38.

The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 11.79 and a beta of 1.30.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings data on Thursday, July 26th. The shipping company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. GasLog Partners LP Unit had a return on equity of 13.26% and a net margin of 33.85%. The business had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $74.87 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. research analysts predict that GasLog Partners LP Unit will post 1.67 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GLOP. Wells Fargo & Company MN boosted its holdings in GasLog Partners LP Unit by 8.8% in the first quarter. Wells Fargo & Company MN now owns 188,851 shares of the shipping company’s stock valued at $4,400,000 after purchasing an additional 15,266 shares during the period. BlackRock Inc. purchased a new position in GasLog Partners LP Unit in the first quarter valued at $129,000. IFP Advisors Inc boosted its holdings in GasLog Partners LP Unit by 114.8% in the first quarter. IFP Advisors Inc now owns 12,179 shares of the shipping company’s stock valued at $284,000 after purchasing an additional 6,509 shares during the period. Citigroup Inc. lifted its holdings in GasLog Partners LP Unit by 76.8% during the 1st quarter. Citigroup Inc. now owns 10,872 shares of the shipping company’s stock worth $253,000 after buying an additional 4,721 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in GasLog Partners LP Unit by 27.8% during the 1st quarter. Stifel Financial Corp now owns 38,763 shares of the shipping company’s stock worth $902,000 after buying an additional 8,428 shares during the last quarter. Hedge funds and other institutional investors own 40.10% of the company’s stock.

GasLog Partners LP Unit Company Profile (NYSE:GLOP)

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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