Shares of GasLog Partners LP (NYSE:GLOP) have earned an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.50.
Several brokerages recently issued reports on GLOP. Jefferies Group began coverage on GasLog Partners in a research report on Monday, December 18th. They set a “buy” rating and a $28.00 price objective for the company. ValuEngine upgraded GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th.
Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in GasLog Partners by 24.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock valued at $13,538,000 after acquiring an additional 114,193 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of GasLog Partners by 83.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock valued at $4,007,000 after buying an additional 78,625 shares during the period. Global X Management Co. LLC grew its stake in shares of GasLog Partners by 8.7% during the 4th quarter. Global X Management Co. LLC now owns 535,460 shares of the shipping company’s stock valued at $13,253,000 after buying an additional 43,021 shares during the period. Essex Financial Services Inc. purchased a new stake in shares of GasLog Partners during the 4th quarter valued at $208,000. Finally, Royce & Associates LP purchased a new stake in shares of GasLog Partners during the 4th quarter valued at $4,965,000. Hedge funds and other institutional investors own 41.23% of the company’s stock.
Shares of GasLog Partners (NYSE GLOP) opened at $23.15 on Wednesday. The company has a market capitalization of $965.60, a P/E ratio of 11.08 and a beta of 1.35. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.00 and a current ratio of 1.02. GasLog Partners has a 52 week low of $21.80 and a 52 week high of $25.55.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The business had revenue of $76.22 million for the quarter, compared to analyst estimates of $75.45 million. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The company’s quarterly revenue was up 36.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. research analysts expect that GasLog Partners will post 1.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 9th were given a dividend of $0.5235 per share. This is an increase from GasLog Partners’s previous quarterly dividend of $0.52. This represents a $2.09 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend was Thursday, February 8th. GasLog Partners’s payout ratio is currently 100.00%.
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GasLog Partners Company Profile
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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