Zacks Investment Research upgraded shares of GasLog Partners LP Unit (NYSE:GLOP) from a hold rating to a buy rating in a report released on Tuesday. They currently have $28.00 price target 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. “

GLOP has been the subject of several other research reports. B. Riley set a $27.00 price objective on GasLog Partners LP Unit and gave the stock a hold rating in a report on Tuesday, July 31st. Berenberg Bank assumed coverage on GasLog Partners LP Unit in a report on Thursday, September 6th. They issued a buy rating and a $29.00 price objective for the company. ValuEngine lowered GasLog Partners LP Unit from a buy rating to a hold rating in a report on Saturday, June 2nd. Finally, BTIG Research assumed coverage on GasLog Partners LP Unit in a research report on Wednesday, July 18th. They set a buy rating and a $30.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. GasLog Partners LP Unit has an average rating of Buy and a consensus target price of $27.38.

Shares of GLOP opened at $25.00 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.04 and a quick ratio of 1.01. GasLog Partners LP Unit has a one year low of $21.85 and a one year high of $25.60. The firm has a market capitalization of $1.01 billion, a P/E ratio of 11.79 and a beta of 1.30.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOP. BlackRock Inc. purchased a new position in shares of GasLog Partners LP Unit in the first quarter valued at about $129,000. Captrust Financial Advisors purchased a new position in shares of GasLog Partners LP Unit in the second quarter valued at about $213,000. Citigroup Inc. lifted its position in shares of GasLog Partners LP Unit by 76.8% in the first quarter. Citigroup Inc. now owns 10,872 shares of the shipping company’s stock valued at $253,000 after acquiring an additional 4,721 shares in the last quarter. IFP Advisors Inc lifted its position in shares of GasLog Partners LP Unit by 114.8% in the first quarter. IFP Advisors Inc now owns 12,179 shares of the shipping company’s stock valued at $284,000 after acquiring an additional 6,509 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of GasLog Partners LP Unit in the second quarter valued at about $322,000. 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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