ValuEngine upgraded shares of GasLog Partners LP (NYSE:GLOP) from a buy rating to a strong-buy rating in a research report released on Thursday.
A number of other equities analysts have also issued reports on the stock. Morgan Stanley raised shares of GasLog Partners from an equal weight rating to an overweight rating and boosted their target price for the stock from $23.50 to $26.00 in a research report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a buy rating and set a $28.00 target price on shares of GasLog Partners in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of GasLog Partners from a hold rating to a strong sell rating in a research report on Tuesday, August 1st. Finally, BidaskClub lowered shares of GasLog Partners from a hold rating to a sell rating in a research report on Saturday, September 9th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $25.40.
GasLog Partners (NYSE GLOP) opened at 23.40 on Thursday. The company has a market capitalization of $923.46 million, a P/E ratio of 11.73 and a beta of 1.67. GasLog Partners has a 1-year low of $19.10 and a 1-year high of $25.45. The firm’s 50-day moving average is $23.01 and its 200-day moving average is $23.40.
GasLog Partners (NYSE:GLOP) last announced its earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The company had revenue of $65.27 million for the quarter, compared to the consensus estimate of $61.86 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that GasLog Partners will post $2.24 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in GasLog Partners by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after buying an additional 323 shares during the period. Moors & Cabot Inc. increased its holdings in GasLog Partners by 19.4% in the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after buying an additional 1,868 shares during the period. Cubist Systematic Strategies LLC increased its holdings in GasLog Partners by 22.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after buying an additional 2,362 shares during the period. Global X Management Co. LLC increased its holdings in GasLog Partners by 0.7% in the 1st quarter. Global X Management Co. LLC now owns 363,060 shares of the shipping company’s stock valued at $8,895,000 after buying an additional 2,640 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in GasLog Partners by 22.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,341 shares of the shipping company’s stock valued at $438,000 after buying an additional 3,586 shares during the period. 39.84% of the stock is currently owned by hedge funds and other institutional investors.
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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