GasLog Partners LP (NYSE:GLOP) had its price target reduced by Barclays PLC from $26.00 to $25.00 in a research report released on Friday, October 27th. They currently have an equal weight rating on the shipping company’s stock.
A number of other analysts also recently commented on the company. Jefferies Group LLC restated a buy rating and set a $28.00 price objective on shares of GasLog Partners in a report on Tuesday, July 4th. Zacks Investment Research downgraded GasLog Partners from a hold rating to a strong sell rating in a report on Tuesday, August 1st. BidaskClub downgraded GasLog Partners from a hold rating to a sell rating in a report on Saturday, September 9th. ValuEngine upgraded GasLog Partners from a buy rating to a strong-buy rating in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reissued a buy rating and issued a $27.00 target price on shares of GasLog Partners in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. GasLog Partners presently has an average rating of Hold and an average target price of $26.40.
Shares of GasLog Partners (GLOP) opened at $23.35 on Friday. The firm has a market cap of $954.49, a price-to-earnings ratio of 10.98 and a beta of 1.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.49 and a quick ratio of 1.47. GasLog Partners has a one year low of $19.55 and a one year high of $25.45.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings results on Thursday, October 26th. The shipping company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The business had revenue of $73.40 million for the quarter, compared to the consensus estimate of $72.11 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts expect that GasLog Partners will post 2.17 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were issued a $0.5175 dividend. This represents a $2.07 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend was Friday, November 3rd. This is an increase from GasLog Partners’s previous quarterly dividend of $0.51. GasLog Partners’s dividend payout ratio (DPR) is 96.73%.
Several large investors have recently bought and sold shares of GLOP. The Manufacturers Life Insurance Company lifted its position in shares of GasLog Partners by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock worth $132,000 after purchasing an additional 323 shares in the last quarter. People s United Financial Inc. bought a new stake in shares of GasLog Partners during the second quarter worth approximately $227,000. Csenge Advisory Group bought a new stake in shares of GasLog Partners during the third quarter worth approximately $251,000. Meridian Wealth Management LLC bought a new stake in shares of GasLog Partners during the second quarter worth approximately $252,000. Finally, Moors & Cabot Inc. raised its stake in shares of GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after buying an additional 1,868 shares during the last quarter. Institutional investors own 38.71% of the company’s stock.
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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