GasLog Partners LP Unit (NYSE:GLOP) saw an uptick in trading volume on Tuesday . 2,332,400 shares traded hands during mid-day trading, an increase of 1,544% from the previous session’s volume of 141,840 shares.The stock last traded at $25.00 and had previously closed at $24.65.

Several research firms have recently weighed in on GLOP. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. B. Riley set a $27.00 target price on GasLog Partners LP Unit and gave the company a “hold” rating in a report on Tuesday, July 31st. Berenberg Bank began coverage on GasLog Partners LP Unit in a report on Thursday, September 6th. They issued a “buy” rating and a $29.00 target price for the company. BTIG Research began coverage on GasLog Partners LP Unit in a report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 target price for the company. Finally, ValuEngine downgraded GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. GasLog Partners LP Unit has an average rating of “Buy” and an average price target of $27.38.

The stock has a market cap of $1.03 billion, a PE ratio of 11.79 and a beta of 1.30. The company has a quick ratio of 1.01, a current ratio of 1.04 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $76.90 million for the quarter, compared to analysts’ expectations of $74.87 million. GasLog Partners LP Unit had a return on equity of 13.26% and a net margin of 33.85%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. research analysts forecast that GasLog Partners LP Unit will post 1.67 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Global X Management Co LLC increased its position in GasLog Partners LP Unit by 6.6% in the 2nd quarter. Global X Management Co LLC now owns 697,091 shares of the shipping company’s stock valued at $16,626,000 after acquiring an additional 43,070 shares during the period. California Public Employees Retirement System acquired a new position in GasLog Partners LP Unit in the 2nd quarter valued at about $322,000. Raymond James & Associates increased its position in GasLog Partners LP Unit by 45.3% in the 2nd quarter. Raymond James & Associates now owns 40,781 shares of the shipping company’s stock valued at $973,000 after acquiring an additional 12,714 shares during the period. Castle Rock Wealth Management LLC increased its position in GasLog Partners LP Unit by 27.2% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 21,400 shares of the shipping company’s stock valued at $510,000 after acquiring an additional 4,574 shares during the period. Finally, Van ECK Associates Corp increased its position in GasLog Partners LP Unit by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 132,252 shares of the shipping company’s stock worth $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 (NYSE:GLOP)

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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