GasLog Partners LP (NYSE:GLOP) had its price target lowered by Barclays PLC from $26.00 to $25.00 in a research note issued to investors on Friday, October 27th. Barclays PLC currently has an equal weight rating on the shipping company’s stock.
Other equities analysts have also issued reports about the company. BidaskClub lowered GasLog Partners from a hold rating to a sell rating in a report on Monday, October 23rd. Zacks Investment Research lowered GasLog Partners from a buy rating to a hold rating in a research note on Thursday, October 12th. 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. Jefferies Group LLC reiterated a buy rating and issued a $28.00 price objective on shares of GasLog Partners in a research note on Tuesday, July 4th. Finally, ValuEngine lowered GasLog Partners from a strong-buy rating to a buy rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. GasLog Partners presently has an average rating of Hold and an average target price of $26.40.
Shares of GasLog Partners (NYSE:GLOP) traded down $0.20 during trading on Friday, hitting $23.15. The stock had a trading volume of 135,100 shares, compared to its average volume of 188,653. The firm has a market capitalization of $948.40, a PE ratio of 10.91 and a beta of 1.67. 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 1-year low of $19.55 and a 1-year high of $25.45.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) 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 firm had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.11 million. During the same period in the previous year, the business posted $0.56 EPS. GasLog Partners’s revenue for the quarter was up 11.2% on a year-over-year basis. research analysts anticipate that GasLog Partners will post 2.17 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were paid a dividend of $0.5175 per share. This represents a $2.07 annualized dividend and a yield of 8.94%. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, November 3rd. GasLog Partners’s payout ratio is currently 96.73%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOP. GRT Capital Partners L.L.C. purchased a new position in GasLog Partners during the second quarter valued at approximately $556,000. Stifel Financial Corp boosted its stake in shares of GasLog Partners by 90.0% during the second quarter. Stifel Financial Corp now owns 23,712 shares of the shipping company’s stock valued at $540,000 after purchasing an additional 11,230 shares during the period. Rafferty Asset Management LLC purchased a new stake in shares of GasLog Partners during the second quarter valued at $3,048,000. Cannell Peter B & Co. Inc. boosted its stake in shares of GasLog Partners by 103.4% during the second quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock valued at $6,585,000 after purchasing an additional 147,775 shares during the period. Finally, FMR LLC boosted its stake in shares of GasLog Partners by 2.9% during the second quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock valued at $47,732,000 after purchasing an additional 59,678 shares during the period. 38.52% of the stock is currently owned by institutional investors.
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.
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