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.
TRADEMARK VIOLATION NOTICE: “GasLog Partners (NYSE:GLOP) Upgraded to “Hold” at Zacks Investment Research” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/gaslog-partners-glop-raised-to-hold-at-zacks-investment-research.html.
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.
Get a free copy of the Zacks research report on GasLog Partners (GLOP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GasLog Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners and related companies with MarketBeat.com's FREE daily email newsletter.