Analysts Set GasLog Partners LP (NYSE:GLOP) PT at $19.50
Shares of GasLog Partners LP (NYSE:GLOP) have earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.50.
GLOP has been the subject of several research reports. Credit Suisse Group AG upgraded shares of GasLog Partners to a “buy” rating in a research note on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating and issued a $24.00 target price on shares of GasLog Partners in a research note on Tuesday, September 13th. Clarkson Capital reiterated a “buy” rating on shares of GasLog Partners in a research note on Friday, September 23rd. Zacks Investment Research cut shares of GasLog Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley restated a “buy” rating on shares of GasLog Partners in a research note on Monday, August 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position 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 period. Advisory Research Inc. purchased a new position in GasLog Partners during the second quarter worth about $2,813,000. Global X Management Co. LLC boosted its position 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 period. Eagle Global Advisors LLC boosted its position 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 period. Finally, A.R.T. Advisors LLC purchased a new position in GasLog Partners during the first quarter worth about $711,000.
GasLog Partners (NYSE:GLOP) opened at 21.00 on Wednesday. GasLog Partners has a one year low of $9.57 and a one year high of $22.00. The company has a 50-day moving average price of $20.25 and a 200-day moving average price of $19.23. The company has a market capitalization of $678.09 million, a price-to-earnings ratio of 9.74 and a beta of 1.55.
GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the business posted $0.58 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that GasLog Partners will post $2.20 EPS for the current year.
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.
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.