GasLog Partners (NYSE:GLOP) Upgraded to “Hold” at Zacks Investment Research

GasLog Partners (NYSE:GLOP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.

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. “

Several other analysts also recently weighed in on the stock. ValuEngine upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub upgraded shares of GasLog Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays dropped their price objective on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price objective on shares of GasLog Partners in a research note on Friday, October 13th. Finally, Jefferies Group started coverage on shares of GasLog Partners in a research note on Monday, December 18th. They set a “buy” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. GasLog Partners presently has a consensus rating of “Buy” and an average price target of $26.40.

Shares of GasLog Partners (NYSE GLOP) opened at $24.85 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49. The firm has a market cap of $1,001.20, a PE ratio of 11.61 and a beta of 1.61. GasLog Partners has a 12-month low of $20.20 and a 12-month high of $25.55.

GasLog Partners (NYSE:GLOP) last announced its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $72.11 million. During the same quarter last year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. equities research analysts anticipate that GasLog Partners will post 2.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of GasLog Partners by 1.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 466,855 shares of the shipping company’s stock worth $10,574,000 after acquiring an additional 8,027 shares during the period. Private Advisor Group LLC purchased a new position in GasLog Partners in the second quarter valued at approximately $302,000. Wells Fargo & Company MN raised its holdings in GasLog Partners by 11.6% in the second quarter. Wells Fargo & Company MN now owns 146,710 shares of the shipping company’s stock valued at $3,323,000 after buying an additional 15,280 shares during the period. GRT Capital Partners L.L.C. purchased a new position in GasLog Partners in the second quarter valued at approximately $556,000. Finally, Captrust Financial Advisors purchased a new position in GasLog Partners in the second quarter valued at approximately $495,000. Institutional investors own 42.27% of the company’s stock.

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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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