Jefferies Group initiated coverage on shares of GasLog Partners (NYSE:GLOP) in a research report report published on Monday, December 18th. The firm issued a buy rating and a $28.00 price target on the shipping company’s stock.
Several other brokerages have also recently commented on GLOP. BidaskClub upgraded shares of GasLog Partners from a sell rating to a hold rating in a research note on Friday, August 25th. ValuEngine upgraded shares of GasLog Partners from a buy rating to a strong-buy rating in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of GasLog Partners from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Thursday, September 28th. Stifel Nicolaus reiterated a buy rating and issued a $27.00 price target on shares of GasLog Partners in a research note on Friday, October 13th. Finally, Barclays decreased their price target on shares of GasLog Partners from $26.00 to $25.00 and set an equal weight rating on the stock in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $26.40.
GasLog Partners (NYSE:GLOP) traded up $0.20 on Monday, hitting $24.85. 71,620 shares of the company were exchanged, compared to its average volume of 127,948. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49. GasLog Partners has a 52 week low of $20.20 and a 52 week high of $25.55. The stock has a market cap of $1,030.00, a PE ratio of 11.56 and a beta of 1.61.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The firm had revenue of $73.40 million for the quarter, compared to analysts’ expectations of $72.11 million. During the same quarter last year, the firm posted $0.56 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that GasLog Partners will post 2.13 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of GasLog Partners by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after buying an additional 323 shares in the last quarter. People s United Financial Inc. purchased a new stake in shares of GasLog Partners during the 2nd quarter valued at about $227,000. Csenge Advisory Group purchased a new stake in shares of GasLog Partners during the 3rd quarter valued at about $251,000. Moors & Cabot Inc. raised its position in shares of GasLog Partners by 19.4% during the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after buying an additional 1,868 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of GasLog Partners by 22.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after buying an additional 2,362 shares in the last quarter. Hedge funds and other institutional investors own 42.27% 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.
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