GasLog Partners LP (NYSE:GLOP) announced a quarterly dividend on Thursday, July 27th, Fidelity reports. Shareholders of record on Monday, August 7th will be given a dividend of 0.51 per share by the shipping company on Friday, August 11th. This represents a $2.04 annualized dividend and a yield of 8.13%. The ex-dividend date is Thursday, August 3rd. This is a boost from GasLog Partners’s previous quarterly dividend of $0.43.
GasLog Partners has a payout ratio of 83.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect GasLog Partners to earn $2.37 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 84.4%.
GasLog Partners (NYSE GLOP) traded up 0.20% during midday trading on Friday, reaching $25.15. The company’s stock had a trading volume of 52,421 shares. GasLog Partners has a 12-month low of $18.82 and a 12-month high of $25.45. The firm has a 50 day moving average price of $23.35 and a 200-day moving average price of $23.25. The company has a market cap of $981.98 million, a P/E ratio of 11.40 and a beta of 1.64.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.56 by $0.11. The firm had revenue of $65.27 million for the quarter, compared to analysts’ expectations of $61.86 million. GasLog Partners had a return on equity of 11.77% and a net margin of 35.19%. The company’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 business earned $0.52 earnings per share. On average, equities research analysts predict that GasLog Partners will post $2.37 earnings per share for the current fiscal year.
GLOP has been the topic of several recent research reports. TheStreet raised GasLog Partners from a “c-” rating to a “b” rating in a research report on Monday, May 8th. Barclays PLC initiated coverage on GasLog Partners in a research report on Friday, April 21st. They set an “equal weight” rating and a $26.00 target price on the stock. Jefferies Group LLC increased their target price on GasLog Partners from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Morgan Stanley raised GasLog Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $23.50 to $26.00 in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $25.17.
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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