GasLog Partners LP (NYSE:GLOP) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Monday.
A number of other equities analysts also recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 target price on shares of GasLog Partners in a report on Friday, October 13th. Zacks Investment Research downgraded GasLog Partners from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. ValuEngine downgraded GasLog Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of GasLog Partners in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.60.
Shares of GasLog Partners (GLOP) opened at 23.30 on Monday. The company has a 50 day moving average of $23.16 and a 200 day moving average of $23.29. The firm has a market capitalization of $919.51 million, a PE ratio of 11.68 and a beta of 1.67. GasLog Partners has a 52-week low of $19.10 and a 52-week high of $25.45.
GasLog Partners (NYSE:GLOP) last issued its earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The business had revenue of $65.27 million during the quarter, compared to analyst estimates of $61.86 million. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. GasLog Partners’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts anticipate that GasLog Partners will post $2.21 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in GLOP. FMR LLC grew its stake in shares of GasLog Partners by 82.8% in the 1st quarter. FMR LLC now owns 2,047,700 shares of the shipping company’s stock valued at $50,169,000 after buying an additional 927,600 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of GasLog Partners by 51.2% in the 2nd quarter. Global X Management Co. LLC now owns 549,001 shares of the shipping company’s stock valued at $12,435,000 after buying an additional 185,941 shares in the last quarter. Cannell Peter B & Co. Inc. grew its stake in shares of GasLog Partners by 103.4% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock valued at $6,585,000 after buying an additional 147,775 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in shares of GasLog Partners in the 2nd quarter valued at approximately $3,048,000. Finally, Castleark Management LLC bought a new stake in shares of GasLog Partners in the 2nd quarter valued at approximately $2,134,000. 39.84% of the stock is 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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