GasLog Partners (NYSE:GLOP) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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GasLog Partners (NYSE:GLOP) posted its quarterly earnings results on Monday. The shipping company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. GasLog Partners had a positive return on equity of 13.38% and a negative net margin of 23.09%.

NYSE:GLOP traded up $0.05 during midday trading on Tuesday, reaching $3.48. The company had a trading volume of 2,824 shares, compared to its average volume of 519,197. The firm has a market capitalization of $171.74 million, a price-to-earnings ratio of -1.57 and a beta of 2.84. The stock’s fifty day simple moving average is $3.43 and its 200-day simple moving average is $3.36. GasLog Partners has a 12-month low of $1.51 and a 12-month high of $7.42. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 2.03.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Investors of record on Monday, February 8th were issued a $0.01 dividend. The ex-dividend date was Friday, February 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.15%. GasLog Partners’s dividend payout ratio (DPR) is presently 2.20%.

GLOP has been the subject of several recent analyst reports. B. Riley reissued a “neutral” rating and set a $3.75 target price (up previously from $3.25) on shares of GasLog Partners in a research note on Tuesday. Jefferies Financial Group raised their target price on GasLog Partners from $3.25 to $4.00 and gave the stock a “hold” rating in a research note on Friday, January 29th. Finally, Zacks Investment Research cut GasLog Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 11th. Seven equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $4.79.

About GasLog Partners

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of August 5, 2020, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Piraeus, Greece.

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Earnings History for GasLog Partners (NYSE:GLOP)

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