GasLog Partners LP Unit (NYSE:GLOP) was downgraded by equities research analysts at Fearnley Fonds from a “reduce” rating to a “sell” rating in a research note issued on Tuesday, The Fly reports.

Other equities analysts also recently issued research reports about the stock. Barclays reissued a “hold” rating and issued a $22.00 target price on shares of GasLog Partners LP Unit in a research note on Wednesday, October 16th. TheStreet downgraded shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.67.

Shares of GLOP stock traded down $1.02 during mid-day trading on Tuesday, reaching $15.51. The company’s stock had a trading volume of 643,187 shares, compared to its average volume of 156,974. The company’s 50 day simple moving average is $19.18 and its 200-day simple moving average is $20.12. GasLog Partners LP Unit has a 12-month low of $15.40 and a 12-month high of $23.85. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $805.00 million, a PE ratio of 8.81 and a beta of 0.99.

GasLog Partners LP Unit (NYSE:GLOP) last issued its earnings results on Wednesday, October 30th. The shipping company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). GasLog Partners LP Unit had a net margin of 22.63% and a return on equity of 11.10%. The business had revenue of $96.49 million during the quarter, compared to analysts’ expectations of $96.30 million. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that GasLog Partners LP Unit will post 1.81 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Barnett & Company Inc. grew its holdings in GasLog Partners LP Unit by 45.6% during the 2nd quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock worth $136,000 after acquiring an additional 2,000 shares in the last quarter. NEXT Financial Group Inc acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $207,000. Oppenheimer & Co. Inc. acquired a new position in GasLog Partners LP Unit during the 3rd quarter worth $340,000. Arrow Investment Advisors LLC acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $381,000. Finally, SCP Investment LP acquired a new position in GasLog Partners LP Unit during the 2nd quarter worth $416,000. 36.80% of the stock is currently owned by hedge funds and other institutional investors.

About GasLog Partners LP Unit

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

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