GasLog Partners LP (NYSE:GLOP) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.50.
Several research firms have issued reports on GLOP. Zacks Investment Research lowered shares of GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 31st. Barclays lowered their price objective on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. BidaskClub upgraded shares of GasLog Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 price objective on shares of GasLog Partners in a research note on Friday, October 13th. Finally, ValuEngine upgraded shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st.
GasLog Partners (NYSE GLOP) traded up $0.10 during trading hours on Friday, reaching $23.70. 6,014 shares of the company traded hands, compared to its average volume of 180,637. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 1.26. GasLog Partners has a twelve month low of $19.55 and a twelve month high of $25.45. The firm has a market cap of $942.30, a P/E ratio of 10.84 and a beta of 1.61.
GasLog Partners (NYSE:GLOP) last posted its earnings results on Thursday, October 26th. The shipping company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The business had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.11 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts predict that GasLog Partners will post 2.13 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in GasLog Partners by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 323 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in GasLog Partners by 19.4% during the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after acquiring an additional 1,868 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in GasLog Partners by 22.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after acquiring an additional 2,362 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in GasLog Partners by 78.5% during the 2nd quarter. Essex Financial Services Inc. now owns 14,883 shares of the shipping company’s stock worth $2,164,000 after acquiring an additional 6,543 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in GasLog Partners by 5.4% during the 3rd quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after acquiring an additional 7,932 shares during the last quarter. Institutional investors and hedge funds own 42.27% of the company’s stock.
WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/13/gaslog-partners-lp-glop-given-consensus-recommendation-of-hold-by-brokerages.html.
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.
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.