Zacks Investment Research downgraded shares of GasLog Partners LP (NYSE:GLOP) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “

GLOP has been the topic of a number of other research reports. Clarkson Capital reiterated a buy rating on shares of GasLog Partners in a research report on Friday, September 23rd. Jefferies Group reiterated a buy rating and issued a $24.00 price objective on shares of GasLog Partners in a research report on Tuesday, September 13th. Wells Fargo & Co. upgraded GasLog Partners from a market perform rating to an outperform rating in a research report on Friday, September 9th. Morgan Stanley reiterated a buy rating on shares of GasLog Partners in a research report on Monday, August 1st. Finally, Citigroup Inc. increased their price objective on GasLog Partners from $21.00 to $24.00 and gave the stock a buy rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. GasLog Partners presently has an average rating of Buy and an average price target of $19.71.

GasLog Partners (NYSE:GLOP) traded up 1.009% on Wednesday, reaching $21.414. The company’s stock had a trading volume of 6,495 shares. GasLog Partners has a 52-week low of $9.57 and a 52-week high of $22.00. The company has a market cap of $691.46 million, a P/E ratio of 9.937 and a beta of 1.55. The firm’s 50-day moving average price is $20.19 and its 200 day moving average price is $19.18.

GasLog Partners (NYSE:GLOP) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The company earned $48.04 million during the quarter, compared to the consensus estimate of $48.94 million. During the same period in the previous year, the business earned $0.58 earnings per share. GasLog Partners’s revenue was down 3.2% on a year-over-year basis. Equities analysts anticipate that GasLog Partners will post $2.20 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in GasLog Partners by 16.4% in the second quarter. Acrospire Investment Management LLC now owns 6,517 shares of the company’s stock valued at $124,000 after buying an additional 917 shares during the last quarter. State Street Corp boosted its stake in GasLog Partners by 3.9% in the first quarter. State Street Corp now owns 16,784 shares of the company’s stock valued at $279,000 after buying an additional 628 shares during the last quarter. Raymond James & Associates boosted its stake in GasLog Partners by 40.5% in the second quarter. Raymond James & Associates now owns 15,778 shares of the company’s stock valued at $299,000 after buying an additional 4,550 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in GasLog Partners by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 22,500 shares of the company’s stock valued at $428,000 after buying an additional 3,600 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in GasLog Partners by 11.8% in the second quarter. GSA Capital Partners LLP now owns 25,362 shares of the company’s stock valued at $481,000 after buying an additional 2,681 shares during the last quarter.

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.

5 Day Chart for NYSE:GLOP

Receive News & Stock Ratings for GasLog Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners LP and related stocks with our FREE daily email newsletter.