GasLog Partners LP (NYSE:GLOP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday, September 9th.
Several other analysts also recently issued reports on GLOP. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price target on shares of GasLog Partners in a report on Tuesday, July 4th. Finally, Morgan Stanley upgraded GasLog Partners from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $23.50 to $26.00 in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. GasLog Partners has a consensus rating of “Hold” and an average price target of $25.40.
GasLog Partners (NYSE:GLOP) traded up 0.22% on Friday, hitting $22.55. The stock had a trading volume of 187,972 shares. GasLog Partners has a 12 month low of $19.10 and a 12 month high of $25.45. The company’s 50 day moving average is $23.11 and its 200-day moving average is $23.42. The stock has a market cap of $889.91 million, a P/E ratio of 11.30 and a beta of 1.67.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The firm had revenue of $65.27 million for the quarter, compared to analyst estimates of $61.86 million. GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Analysts forecast that GasLog Partners will post $2.24 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Castleark Management LLC bought a new position in shares of GasLog Partners during the second quarter worth about $2,134,000. The Manufacturers Life Insurance Company lifted its position in shares of GasLog Partners by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock worth $132,000 after purchasing an additional 323 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after purchasing an additional 1,868 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in GasLog Partners by 22.3% in the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after acquiring an additional 2,362 shares during the last quarter. Finally, People s United Financial Inc. bought a new position in GasLog Partners in the second quarter worth about $227,000. 39.84% of the stock is currently owned by institutional investors and hedge funds.
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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