GasLog Partners LP (GLOP) Stock Rating Reaffirmed by Stifel Nicolaus
GasLog Partners LP (NYSE:GLOP)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $27.00 price objective on the shipping company’s stock. Stifel Nicolaus’ target price points to a potential upside of 14.89% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of GasLog Partners from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, September 28th. ValuEngine downgraded shares of GasLog Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of GasLog Partners in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of GasLog Partners from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.60.
Shares of GasLog Partners (GLOP) opened at 23.50 on Friday. The company has a 50 day moving average of $23.06 and a 200 day moving average of $23.32. The firm has a market cap of $927.40 million, a PE ratio of 11.78 and a beta of 1.67. GasLog Partners has a 52 week low of $19.10 and a 52 week high of $25.45.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Thursday, July 27th. The shipping company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.11). The firm had revenue of $65.27 million for the quarter, compared to the consensus estimate of $61.86 million. GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. On average, equities research analysts anticipate that GasLog Partners will post $2.21 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. GRT Capital Partners L.L.C. acquired a new position in shares of GasLog Partners in the 2nd quarter valued at about $556,000. Rafferty Asset Management LLC acquired a new position in GasLog Partners in the second quarter worth approximately $3,048,000. Janney Montgomery Scott LLC increased its holdings in GasLog Partners by 22.8% in the second quarter. Janney Montgomery Scott LLC now owns 19,341 shares of the shipping company’s stock worth $438,000 after buying an additional 3,586 shares during the last quarter. Cannell Peter B & Co. Inc. increased its holdings in GasLog Partners by 103.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock worth $6,585,000 after buying an additional 147,775 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in GasLog Partners by 102.3% in the first quarter. Goldman Sachs Group Inc. now owns 73,833 shares of the shipping company’s stock worth $1,809,000 after buying an additional 37,339 shares during the last quarter. Institutional investors 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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