GasLog Partners (GLOP) to Release Quarterly Earnings on Thursday

GasLog Partners (NYSE:GLOP) will be announcing its earnings results before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.

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 the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The business had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.11 million. GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share. On average, analysts expect GasLog Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GasLog Partners (GLOP) opened at $24.50 on Thursday. The stock has a market capitalization of $1,020.00, a PE ratio of 11.40 and a beta of 1.61. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.49 and a quick ratio of 1.47. GasLog Partners has a 1 year low of $20.20 and a 1 year high of $25.55.

An institutional investor recently raised its position in GasLog Partners stock. The Manufacturers Life Insurance Company boosted its stake in shares of GasLog Partners LP (NYSE:GLOP) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,813 shares of the shipping company’s stock after acquiring an additional 323 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in GasLog Partners were worth $132,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 42.27% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research cut GasLog Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. BidaskClub cut GasLog Partners from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Barclays decreased their target price on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. ValuEngine cut GasLog Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $27.00 target price on shares of GasLog Partners in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.40.

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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.

Earnings History for GasLog Partners (NYSE:GLOP)

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