Stock analysts at B. Riley started coverage on shares of GasLog Partners (NYSE:GLOP) in a report issued on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a $26.00 price target on the shipping company’s stock. B. Riley’s price objective would suggest a potential upside of 9.70% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, April 2nd. ValuEngine upgraded GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Finally, Citigroup reduced their target price on GasLog Partners from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.14.
Shares of GasLog Partners opened at $23.70 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.48 and a quick ratio of 1.46. The firm has a market cap of $977.90 million, a price-to-earnings ratio of 11.34 and a beta of 1.32. GasLog Partners has a twelve month low of $21.80 and a twelve month high of $25.55.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Friday, April 27th. The shipping company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.10. GasLog Partners had a return on equity of 13.63% and a net margin of 35.17%. The company had revenue of $77.06 million for the quarter, compared to analyst estimates of $76.68 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. research analysts expect that GasLog Partners will post 1.75 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of GLOP. Royce & Associates LP acquired a new stake in shares of GasLog Partners during the fourth quarter worth about $4,965,000. Global X Management Co. LLC increased its position in shares of GasLog Partners by 22.1% during the first quarter. Global X Management Co. LLC now owns 654,021 shares of the shipping company’s stock worth $15,239,000 after purchasing an additional 118,561 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of GasLog Partners by 626.2% during the fourth quarter. Renaissance Technologies LLC now owns 105,300 shares of the shipping company’s stock worth $2,606,000 after purchasing an additional 90,800 shares in the last quarter. Bramshill Investments LLC acquired a new stake in shares of GasLog Partners during the fourth quarter worth about $1,744,000. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of GasLog Partners by 2.4% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 2,272,517 shares of the shipping company’s stock worth $56,234,000 after purchasing an additional 52,276 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.
GasLog Partners Company Profile
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.
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