GasLog Partners LP (GLOP) Receives Consensus Rating of “Hold” from Brokerages
Shares of GasLog Partners LP (NYSE:GLOP) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $26.50.
GLOP has been the subject of a number of analyst reports. Zacks Investment Research cut GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. BidaskClub cut GasLog Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $27.00 price objective on shares of GasLog Partners in a report on Friday, October 13th.
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings 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 during the last quarter. People s United Financial Inc. bought a new position in shares of GasLog Partners in the second quarter valued at about $227,000. Csenge Advisory Group bought a new position in shares of GasLog Partners in the third quarter valued at about $251,000. Meridian Wealth Management LLC bought a new position in shares of GasLog Partners in the second quarter valued at about $252,000. Finally, Moors & Cabot Inc. increased its position in GasLog Partners by 19.4% in the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after purchasing an additional 1,868 shares during the period. 38.71% of the stock is owned by institutional investors and hedge funds.
Shares of GasLog Partners (NYSE:GLOP) traded up $0.55 during mid-day trading on Thursday, reaching $23.60. The company had a trading volume of 445,742 shares, compared to its average volume of 133,167. The company has a market capitalization of $931.37, a PE ratio of 10.77 and a beta of 1.67. GasLog Partners has a 52-week low of $19.50 and a 52-week high of $25.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49.
GasLog Partners (NYSE:GLOP) last issued its earnings results on Thursday, October 26th. The shipping company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $73.40 million during the quarter, compared to the consensus estimate of $72.11 million. GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. research analysts anticipate that GasLog Partners will post 2.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Monday, November 6th will be issued a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a dividend yield of 8.77%. This is a boost from GasLog Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, November 3rd. GasLog Partners’s payout ratio is currently 96.28%.
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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