GasLog Partners (NYSE:GLOP) Issues Earnings Results

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GasLog Partners (NYSE:GLOP) released its quarterly earnings results on Sunday. The shipping company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. GasLog Partners had a positive return on equity of 13.38% and a negative net margin of 23.09%.

NYSE:GLOP traded up $0.01 during mid-day trading on Tuesday, reaching $3.44. 5,124 shares of the company’s stock traded hands, compared to its average volume of 519,197. GasLog Partners has a 12-month low of $1.51 and a 12-month high of $7.42. The firm has a market capitalization of $169.76 million, a price-to-earnings ratio of -1.57 and a beta of 2.84. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.59 and a quick ratio of 0.57. The company has a 50 day moving average price of $3.43 and a 200-day moving average price of $3.36.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 11th. Investors of record on Monday, February 8th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, February 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.16%. GasLog Partners’s dividend payout ratio is presently 2.20%.

Several research firms have recently commented on GLOP. Jefferies Financial Group lifted their price objective on GasLog Partners from $3.25 to $4.00 and gave the stock a “hold” rating in a report on Friday, January 29th. Zacks Investment Research downgraded GasLog Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 11th. Finally, B. Riley reiterated a “neutral” rating and issued a $3.75 price objective (up previously from $3.25) on shares of GasLog Partners in a report on Tuesday. Seven research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $4.79.

About GasLog Partners

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of August 5, 2020, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Piraeus, Greece.

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Earnings History for GasLog Partners (NYSE:GLOP)

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