GasLog Partners LP (GLOP) Coverage Initiated by Analysts at Stifel Nicolaus
Stock analysts at Stifel Nicolaus started coverage on shares of GasLog Partners LP (NYSE:GLOP) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $24.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 21.52% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Citigroup Inc. increased their target price on GasLog Partners from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Wells Fargo & Co. raised GasLog Partners from a “market perform” rating to an “outperform” rating in a research note on Friday, September 9th. Morgan Stanley reissued a “buy” rating on shares of GasLog Partners in a research note on Monday, August 1st. Zacks Investment Research raised GasLog Partners from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, August 5th. Finally, Clarkson Capital reaffirmed a “buy” rating on shares of GasLog Partners in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.25.
Shares of GasLog Partners (NYSE:GLOP) opened at 19.75 on Monday. The stock has a 50 day moving average of $20.77 and a 200-day moving average of $19.92. The company has a market cap of $693.15 million, a price-to-earnings ratio of 9.28 and a beta of 1.55. GasLog Partners has a 12 month low of $9.57 and a 12 month high of $22.00.
GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company earned $51.45 million during the quarter, compared to the consensus estimate of $51.49 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, analysts forecast that GasLog Partners will post $2.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Monday, November 7th were paid a $0.478 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.91 annualized dividend and a dividend yield of 9.68%. This is an increase from GasLog Partners’s previous quarterly dividend of $0.43.
Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position 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 period. Acrospire Investment Management LLC increased its position 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 period. Global X Management Co. LLC increased 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 valued at $7,101,000 after buying an additional 82,436 shares during the period. GSA Capital Partners LLP increased its position 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 period. Finally, A.R.T. Advisors LLC bought a new position in GasLog Partners during the first quarter valued at approximately $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.
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.