GasLog Partners (NYSE:GLOP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, December 27th.
According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “
A number of other analysts also recently issued reports on the company. Barclays decreased their price target on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group started coverage on GasLog Partners in a report on Monday, December 18th. They set a “buy” rating and a $28.00 price target for the company. ValuEngine raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target on shares of GasLog Partners in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.40.
GasLog Partners (GLOP) traded up $0.30 during trading hours on Wednesday, reaching $24.65. The company had a trading volume of 101,683 shares, compared to its average volume of 159,243. The stock has a market capitalization of $1,020.00, a price-to-earnings ratio of 11.47 and a beta of 1.61. GasLog Partners has a 52-week low of $20.20 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The company had revenue of $73.40 million during the quarter, compared to analysts’ expectations of $72.11 million. GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. equities analysts anticipate that GasLog Partners will post 2.13 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in GasLog Partners by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 323 shares during the period. People s United Financial Inc. acquired a new position in GasLog Partners in the 2nd quarter valued at about $227,000. Csenge Advisory Group acquired a new position in GasLog Partners in the 3rd quarter valued at about $251,000. Moors & Cabot Inc. increased its position in GasLog Partners by 19.4% in the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after acquiring an additional 1,868 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in GasLog Partners by 22.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after acquiring an additional 2,362 shares during the period. Institutional investors and hedge funds own 42.27% of the company’s stock.
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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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