GasLog Partners LP (GLOP) Upgraded by BidaskClub to “Hold”
GasLog Partners LP (NYSE:GLOP) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of GasLog Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of GasLog Partners in a research note on Tuesday, July 4th. Finally, Morgan Stanley raised shares of GasLog Partners from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.50 to $26.00 in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.40.
GasLog Partners (GLOP) traded up 2.66% during midday trading on Monday, hitting $23.15. 998,219 shares of the stock traded hands. The company’s 50-day moving average is $23.05 and its 200 day moving average is $23.40. The firm has a market cap of $913.59 million, a P/E ratio of 11.60 and a beta of 1.67. GasLog Partners has a 12-month low of $19.10 and a 12-month high of $25.45.
GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.11). GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The business had revenue of $65.27 million during the quarter, compared to analysts’ expectations of $61.86 million. During the same period in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that GasLog Partners will post $2.24 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of GLOP. FMR LLC raised its holdings 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 acquiring an additional 927,600 shares in the last quarter. OppenheimerFunds Inc. raised its holdings 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 acquiring an additional 758,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 457,775 shares in the last quarter. Global X Management Co. LLC raised its holdings in 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 acquiring an additional 185,941 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. raised its holdings in GasLog Partners by 103.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock valued at $6,585,000 after acquiring an additional 147,775 shares in the last quarter. 39.84% of the stock is currently owned by hedge funds and other institutional investors.
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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