GasLog Partners LP (GLOP) Given Consensus Rating of “Buy” by Analysts
GasLog Partners LP (NYSE:GLOP) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.50.
GLOP has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of GasLog Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub upgraded shares of GasLog Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays decreased their price objective 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. Finally, Stifel Nicolaus restated a “buy” rating and issued a $27.00 price objective on shares of GasLog Partners in a research report on Friday, October 13th.
Several hedge funds have recently bought and sold shares of GLOP. The Manufacturers Life Insurance Company grew its position in GasLog Partners by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 323 shares during the last quarter. People s United Financial Inc. bought a new position in GasLog Partners during the second quarter valued at approximately $227,000. Csenge Advisory Group bought a new position in GasLog Partners during the third quarter valued at approximately $251,000. Moors & Cabot Inc. grew its position in GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after acquiring an additional 1,868 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in GasLog Partners by 22.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after acquiring an additional 2,362 shares during the last quarter. Institutional investors own 42.27% of the company’s stock.
Shares of GasLog Partners (NYSE GLOP) opened at $24.77 on Tuesday. GasLog Partners has a fifty-two week low of $20.20 and a fifty-two week high of $25.55. The company has a market cap of $1,030.00, a PE ratio of 11.52 and a beta of 1.61. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 1.26.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share (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 firm had revenue of $73.40 million during the quarter, compared to analysts’ expectations of $72.11 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that GasLog Partners will post 2.13 EPS for the current year.
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.
Receive News & Ratings for GasLog Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners and related companies with Analyst Ratings Network's FREE daily email newsletter.