GasLog Partners LP (NYSE:GLOP)‘s stock had its “buy” rating reaffirmed by research analysts at Clarkson Capital in a note issued to investors on Friday.
GLOP has been the subject of several other reports. Wells Fargo & Co. raised shares of GasLog Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, September 9th. Morgan Stanley restated a “buy” rating on shares of GasLog Partners in a research report on Monday, August 1st. Credit Suisse Group AG upgraded shares of GasLog Partners to a “buy” rating in a research report on Tuesday, June 21st. Zacks Investment Research upgraded shares of GasLog Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Citigroup Inc. upped their price target on shares of GasLog Partners from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.71.
Shares of GasLog Partners (NYSE:GLOP) traded up 0.61% during mid-day trading on Friday, hitting $21.30. 66,637 shares of the stock traded hands. The company has a market cap of $687.78 million, a price-to-earnings ratio of 9.88 and a beta of 1.55. GasLog Partners has a 52 week low of $9.57 and a 52 week high of $22.00. The stock has a 50-day moving average of $19.92 and a 200-day moving average of $19.01.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $48.04 million for the quarter, compared to analyst estimates of $48.94 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts anticipate that GasLog Partners will post $2.20 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in GLOP. FMR LLC increased its stake in GasLog Partners by 312.5% in the second quarter. FMR LLC now owns 523,900 shares of the company’s stock worth $9,944,000 after buying an additional 396,900 shares during the last quarter. Advisory Research Inc. bought a new stake in GasLog Partners during the second quarter worth about $2,813,000. Global X Management Co. LLC increased its stake in GasLog Partners by 28.3% in the second quarter. Global X Management Co. LLC now owns 374,113 shares of the company’s stock worth $7,101,000 after buying an additional 82,436 shares during the last quarter. Eagle Global Advisors LLC increased its stake in GasLog Partners by 3.9% in the second quarter. Eagle Global Advisors LLC now owns 1,182,396 shares of the company’s stock worth $22,442,000 after buying an additional 44,200 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in GasLog Partners during the first quarter worth about $711,000.
About GasLog Partners
GasLog Partners LP is a limited partnership. The Company is focused on owning, operating and acquiring liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Company’s fleet consists of approximately eight LNG carriers, including over three vessels with tri-fuel diesel electric (TFDE) propulsion technology and approximately five steam vessels.
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