GasLog Partners LP (NYSE:GLOP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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. “
Several other equities research analysts have also recently commented on the stock. Wells Fargo & Co. raised shares of GasLog Partners from a “market perform” rating to an “outperform” rating in a research report on Friday, September 9th. Credit Suisse Group AG raised shares of GasLog Partners to a “buy” rating in a research report on Tuesday, June 21st. Citigroup Inc. boosted their price target on shares of GasLog Partners from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Clarkson Capital reissued a “buy” rating on shares of GasLog Partners in a research report on Friday, September 23rd. Finally, Morgan Stanley reissued a “buy” rating on shares of GasLog Partners in a research report on Monday, August 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. GasLog Partners has a consensus rating of “Buy” and a consensus price target of $19.71.
Shares of GasLog Partners (NYSE:GLOP) opened at 21.37 on Wednesday. The firm has a market capitalization of $690.04 million, a P/E ratio of 9.92 and a beta of 1.55. GasLog Partners has a 12 month low of $9.57 and a 12 month high of $22.00. The stock has a 50 day moving average price of $20.17 and a 200 day moving average price of $19.17.
GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company earned $48.04 million during the quarter, compared to the consensus estimate of $48.94 million. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. On average, analysts expect that GasLog Partners will post $2.20 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of GasLog Partners by 312.5% in the second quarter. FMR LLC now owns 523,900 shares of the company’s stock worth $9,944,000 after buying an additional 396,900 shares during the period. Advisory Research Inc. bought a new position in shares of GasLog Partners during the second quarter worth approximately $2,813,000. Global X Management Co. LLC raised its position in shares of GasLog Partners by 28.3% in the second quarter. Global X Management Co. LLC now owns 374,113 shares of the company’s stock worth $7,101,000 after buying an additional 82,436 shares during the period. Eagle Global Advisors LLC raised its position in shares of GasLog Partners by 3.9% in the second quarter. Eagle Global Advisors LLC now owns 1,182,396 shares of the company’s stock worth $22,442,000 after buying an additional 44,200 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of GasLog Partners during the first quarter worth approximately $711,000.
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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