Shares of GasLog Partners LP (NYSE:GLOP) have been assigned an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.
A number of research firms recently weighed in on GLOP. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of GasLog Partners in a research note on Tuesday, July 4th. Morgan Stanley raised GasLog Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $23.50 to $26.00 in a research note on Tuesday, June 13th. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC started coverage on GasLog Partners in a research note on Friday, April 21st. They set an “equal weight” rating and a $26.00 price target on the stock. Finally, TheStreet raised GasLog Partners from a “c-” rating to a “b” rating in a research note on Monday, May 8th.
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Several hedge funds have recently modified their holdings of GLOP. FMR LLC increased its stake in shares of GasLog Partners by 82.8% in the first 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 during the period. OppenheimerFunds Inc. increased its stake in shares of GasLog Partners by 43.5% in the first 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 during the period. JPMorgan Chase & Co. increased its stake in shares of GasLog Partners by 43,473.4% in the first 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 during the period. Kayne Anderson Capital Advisors LP increased its stake in shares of 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 during the period. Finally, Global X Management Co. LLC increased its stake in shares of GasLog Partners by 51.2% in the second 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 during the period. 58.44% of the stock is owned by hedge funds and other institutional investors.
GasLog Partners (NYSE:GLOP) remained flat at $23.30 on Tuesday. The stock had a trading volume of 84,296 shares. GasLog Partners has a 52-week low of $18.82 and a 52-week high of $25.45. The firm has a market capitalization of $919.51 million, a P/E ratio of 11.68 and a beta of 1.66. The company has a 50 day moving average price of $23.62 and a 200-day moving average price of $23.35.
GasLog Partners (NYSE:GLOP) last posted its quarterly earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.11. GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The firm had revenue of $65.27 million for the quarter, compared to analyst estimates of $61.86 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that GasLog Partners will post $2.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be paid a $0.51 dividend. The ex-dividend date 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 dividend yield of 8.76%. GasLog Partners’s dividend payout ratio is 94.88%.
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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