Zacks Investment Research downgraded shares of GasLog Partners LP Unit (NYSE:GLOP) from a buy rating to a hold rating in a research report report published on Wednesday morning.

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. “

A number of other equities analysts have also commented on the stock. Berenberg Bank began coverage on shares of GasLog Partners LP Unit in a report on Thursday, September 6th. They set a buy rating and a $29.00 price target on the stock. B. Riley initiated coverage on shares of GasLog Partners LP Unit in a report on Wednesday, September 5th. They issued a neutral rating and a $27.00 target price on the stock. BTIG Research initiated coverage on shares of GasLog Partners LP Unit in a report on Wednesday, July 18th. They issued a buy rating and a $30.00 target price on the stock. Finally, ValuEngine lowered shares of GasLog Partners LP Unit from a buy rating to a hold rating in a report on Saturday, June 2nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $27.38.

NYSE GLOP opened at $24.65 on Wednesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 11.96 and a beta of 1.30. GasLog Partners LP Unit has a fifty-two week low of $21.85 and a fifty-two week high of $25.60. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings results on Thursday, July 26th. The shipping company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $76.90 million for the quarter, compared to analyst estimates of $74.87 million. GasLog Partners LP Unit had a net margin of 33.85% and a return on equity of 13.26%. GasLog Partners LP Unit’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. sell-side analysts predict that GasLog Partners LP Unit will post 1.67 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global X Management Co LLC raised its holdings in shares of GasLog Partners LP Unit by 6.6% during the second quarter. Global X Management Co LLC now owns 697,091 shares of the shipping company’s stock valued at $16,626,000 after purchasing an additional 43,070 shares during the period. Renaissance Technologies LLC raised its holdings in shares of GasLog Partners LP Unit by 104.2% during the second quarter. Renaissance Technologies LLC now owns 522,700 shares of the shipping company’s stock valued at $12,466,000 after purchasing an additional 266,700 shares during the period. Wells Fargo & Company MN raised its holdings in shares of GasLog Partners LP Unit by 8.8% during the first quarter. Wells Fargo & Company MN now owns 188,851 shares of the shipping company’s stock valued at $4,400,000 after purchasing an additional 15,266 shares during the period. Guggenheim Capital LLC raised its holdings in shares of GasLog Partners LP Unit by 5.7% during the first quarter. Guggenheim Capital LLC now owns 166,004 shares of the shipping company’s stock valued at $3,868,000 after purchasing an additional 8,888 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of GasLog Partners LP Unit by 10.9% during the second quarter. Van ECK Associates Corp now owns 132,252 shares of the shipping company’s stock valued at $3,154,000 after purchasing an additional 12,974 shares during the period. Hedge funds and other institutional investors own 40.10% of the company’s stock.

GasLog Partners LP Unit Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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