GasLog Partners LP (NYSE:GLOP) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of equities research analysts have commented on the company. Zacks Investment Research downgraded GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of GasLog Partners in a report on Tuesday, July 4th. ValuEngine raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Morgan Stanley raised GasLog Partners from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.50 to $26.00 in a report on Tuesday, June 13th.

Shares of GasLog Partners (GLOP) traded up 0.65% during midday trading on Friday, reaching $23.30. 67,540 shares of the company traded hands. The stock has a market capitalization of $919.51 million, a P/E ratio of 11.68 and a beta of 1.67. The stock’s 50-day moving average is $23.06 and its 200-day moving average is $23.33. GasLog Partners has a 1-year low of $19.10 and a 1-year high of $25.45.

GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The business had revenue of $65.27 million during the quarter, compared to analyst estimates of $61.86 million. During the same period last year, the business posted $0.52 EPS. GasLog Partners’s revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that GasLog Partners will post $2.22 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of GasLog Partners by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after buying an additional 323 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of GasLog Partners in the first quarter valued at $206,000. People s United Financial Inc. purchased a new position in shares of GasLog Partners in the second quarter valued at $227,000. Meridian Wealth Management LLC purchased a new position in shares of GasLog Partners in the second quarter valued at $252,000. Finally, Moors & Cabot Inc. increased its position in shares of GasLog Partners by 19.4% in the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after buying an additional 1,868 shares in the last quarter. Institutional investors and hedge funds own 39.84% of the company’s stock.

About GasLog Partners

GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.

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