GasLog Partners LP (GLOP) Given Consensus Rating of “Hold” by Brokerages
GasLog Partners LP (NYSE:GLOP) has received an average rating of “Hold” from the nine ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.50.
GLOP has been the subject of a number of research reports. Zacks Investment Research lowered GasLog Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. 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 restated a “buy” rating on shares of GasLog Partners in a research report on Monday, August 1st. Clarkson Capital restated a “buy” rating on shares of GasLog Partners in a research report on Friday, September 23rd. Finally, Citigroup Inc. boosted their target price on GasLog Partners from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 29th.
GasLog Partners (NYSE:GLOP) opened at 20.40 on Wednesday. The firm has a market cap of $715.96 million, a P/E ratio of 9.59 and a beta of 1.55. GasLog Partners has a 12-month low of $9.57 and a 12-month high of $22.00. The company has a 50-day moving average price of $20.85 and a 200-day moving average price of $19.85.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The company earned $51.45 million during the quarter, compared to analysts’ expectations of $51.49 million. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. On average, analysts predict that GasLog Partners will post $2.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Monday, November 7th were issued a dividend of $0.478 per share. This represents a $1.91 annualized dividend and a dividend yield of 9.37%. The ex-dividend date was Thursday, November 3rd. This is a boost from GasLog Partners’s previous quarterly dividend of $0.43.
Several institutional investors have recently added to or reduced their stakes in GLOP. Kayne Anderson Capital Advisors LP acquired a new position in GasLog Partners during the third quarter valued at $51,722,000. Morgan Stanley boosted its stake in GasLog Partners by 387.9% in the third quarter. Morgan Stanley now owns 1,408,887 shares of the company’s stock valued at $30,700,000 after buying an additional 1,120,115 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in GasLog Partners by 50.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,518,330 shares of the company’s stock valued at $33,084,000 after buying an additional 510,500 shares during the last quarter. FMR LLC boosted its stake in GasLog Partners by 312.5% in the second quarter. FMR LLC now owns 523,900 shares of the company’s stock valued at $9,944,000 after buying an additional 396,900 shares during the last quarter. Finally, Advisory Research Inc. purchased a new stake in GasLog Partners during the second quarter valued at approximately $2,813,000.
GasLog Partners Company Profile
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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