GasLog Partners LP (GLOP) Given Consensus Recommendation of “Hold” by Brokerages

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.

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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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