GasLog Partners LP (NYSE:GLOP)‘s stock had its “buy” rating restated by Clarkson Capital in a note issued to investors on Friday.
Several other analysts also recently commented on GLOP. Wells Fargo & Co. upgraded GasLog Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, September 9th. Credit Suisse Group AG upgraded GasLog Partners to a “buy” rating in a research note on Tuesday, June 21st. Citigroup Inc. increased their target price on GasLog Partners from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded GasLog Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Morgan Stanley reiterated a “buy” rating on shares of GasLog Partners in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.71.
Shares of GasLog Partners (NYSE:GLOP) traded up 0.80% during mid-day trading on Friday, hitting $21.34. The company’s stock had a trading volume of 64,729 shares. GasLog Partners has a 52-week low of $9.57 and a 52-week high of $22.00. The stock’s 50 day moving average price is $19.92 and its 200 day moving average price is $19.01. The company has a market cap of $689.07 million, a price-to-earnings ratio of 9.90 and a beta of 1.55.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm earned $48.04 million during the quarter, compared to the consensus estimate of $48.94 million. During the same period in the prior year, the company posted $0.58 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Equities analysts forecast that GasLog Partners will post $2.20 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in GasLog Partners by 16.4% in the second quarter. Acrospire Investment Management LLC now owns 6,517 shares of the company’s stock worth $124,000 after buying an additional 917 shares during the period. State Street Corp boosted its position in shares of GasLog Partners by 3.9% in the first quarter. State Street Corp now owns 16,784 shares of the company’s stock worth $279,000 after buying an additional 628 shares in the last quarter. Raymond James & Associates boosted its position in shares of GasLog Partners by 40.5% in the second quarter. Raymond James & Associates now owns 15,778 shares of the company’s stock worth $299,000 after buying an additional 4,550 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of GasLog Partners by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 22,500 shares of the company’s stock worth $428,000 after buying an additional 3,600 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of GasLog Partners by 11.8% in the second quarter. GSA Capital Partners LLP now owns 25,362 shares of the company’s stock worth $481,000 after buying an additional 2,681 shares in the last quarter.
About GasLog Partners
GasLog Partners LP is a limited partnership. The Company is focused on owning, operating and acquiring liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Company’s fleet consists of approximately eight LNG carriers, including over three vessels with tri-fuel diesel electric (TFDE) propulsion technology and approximately five steam vessels.
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