GasLog Partners LP (GLOP) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of GasLog Partners LP (NYSE:GLOP) from a hold rating to a buy rating in a research report report published on Thursday morning. The brokerage currently has $26.00 price objective on the shipping company’s stock.
According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “
Several other analysts have also issued reports on the stock. ValuEngine lowered shares of GasLog Partners from a strong-buy rating to a buy rating in a report on Wednesday. BidaskClub upgraded shares of GasLog Partners from a sell rating to a hold rating in a report on Monday, September 18th. Jefferies Group LLC restated a buy rating and issued a $28.00 price objective on shares of GasLog Partners in a report on Tuesday, July 4th. Finally, Morgan Stanley upgraded shares of GasLog Partners from an equal weight rating to an overweight rating and boosted their price objective for the company from $23.50 to $26.00 in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. GasLog Partners currently has a consensus rating of Buy and a consensus target price of $26.00.
Shares of GasLog Partners (NYSE GLOP) opened at 23.25 on Thursday. The stock has a market cap of $917.54 million, a P/E ratio of 11.65 and a beta of 1.67. GasLog Partners has a 52 week low of $19.10 and a 52 week high of $25.45. The stock has a 50 day moving average of $23.01 and a 200 day moving average of $23.40.
GasLog Partners (NYSE:GLOP) last issued its quarterly earnings data 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). The company had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $61.86 million. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, analysts expect that GasLog Partners will post $2.24 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “GasLog Partners LP (GLOP) Upgraded at Zacks Investment Research” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/gaslog-partners-lp-glop-upgraded-at-zacks-investment-research/1600905.html.
A number of institutional investors and hedge funds have recently modified their holdings of GLOP. Wells Fargo & Company MN raised its holdings in GasLog Partners by 35.6% in the 1st quarter. Wells Fargo & Company MN now owns 131,430 shares of the shipping company’s stock valued at $3,220,000 after buying an additional 34,540 shares during the period. JPMorgan Chase & Co. increased its stake in GasLog Partners by 43,473.4% during the first quarter. JPMorgan Chase & Co. now owns 458,828 shares of the shipping company’s stock worth $11,242,000 after purchasing an additional 457,775 shares during the period. Stifel Financial Corp purchased a new stake in GasLog Partners during the first quarter worth about $306,000. OppenheimerFunds Inc. increased its stake in GasLog Partners by 43.5% during the first quarter. OppenheimerFunds Inc. now owns 2,500,867 shares of the shipping company’s stock worth $61,271,000 after purchasing an additional 758,500 shares during the period. Finally, FMR LLC increased its stake in GasLog Partners by 82.8% during the first quarter. FMR LLC now owns 2,047,700 shares of the shipping company’s stock worth $50,169,000 after purchasing an additional 927,600 shares during the period. Hedge funds and other institutional investors own 39.84% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GasLog Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.