GasLog Partners LP (NYSE:GLOP) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.
Several other research analysts have also issued reports on GLOP. Zacks Investment Research upgraded shares of GasLog Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of GasLog Partners in a research report on Tuesday, July 4th. Morgan Stanley upgraded shares of GasLog Partners from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $23.50 to $26.00 in a research report on Tuesday, June 13th. Finally, TheStreet upgraded shares of GasLog Partners from a “c-” rating to a “b” rating in a research report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $25.40.
Shares of GasLog Partners (GLOP) traded up 0.21% during mid-day trading on Friday, hitting $23.35. The stock had a trading volume of 25,331 shares. The stock has a 50 day moving average of $23.74 and a 200-day moving average of $23.50. The stock has a market capitalization of $921.48 million, a P/E ratio of 11.70 and a beta of 1.66. GasLog Partners has a 52 week low of $19.09 and a 52 week high of $25.45.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.11. GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The company had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $61.86 million. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that GasLog Partners will post $2.24 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of GLOP. FMR LLC raised its stake in 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 last quarter. OppenheimerFunds Inc. raised its stake in 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 last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in GasLog Partners by 8.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 351,200 shares of the shipping company’s stock valued at $8,604,000 after buying an additional 26,200 shares during the last quarter. Stifel Financial Corp acquired a new stake in GasLog Partners during the first quarter valued at about $306,000. Finally, JPMorgan Chase & Co. raised its stake in 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 last quarter. Institutional investors and hedge funds own 42.24% of the company’s stock.
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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