ValuEngine Upgrades GasLog Partners (GLOP) to “Strong-Buy”
GasLog Partners (NYSE:GLOP) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
Several other research firms also recently weighed in on GLOP. BidaskClub raised shares of GasLog Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of GasLog Partners from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price target on shares of GasLog Partners in a research note on Friday, October 13th. Barclays decreased their price target on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Finally, Jefferies Group began coverage on shares of GasLog Partners in a research note on Monday, December 18th. They issued a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. GasLog Partners has a consensus rating of “Buy” and a consensus target price of $26.40.
GasLog Partners (NYSE:GLOP) opened at $23.85 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 1.26. The stock has a market cap of $988.48, a price-to-earnings ratio of 11.09 and a beta of 1.61. GasLog Partners has a twelve month low of $19.55 and a twelve month high of $25.45.
GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $73.40 million for the quarter, compared to analysts’ expectations of $72.11 million. GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. equities research analysts predict that GasLog Partners will post 2.13 EPS for the current year.
Large investors have recently bought and sold shares of the company. FMR LLC raised its stake in GasLog Partners by 2.9% during the second quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock worth $47,732,000 after purchasing an additional 59,678 shares during the period. JPMorgan Chase & Co. raised its stake in GasLog Partners by 24.5% during the third quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock worth $13,538,000 after purchasing an additional 114,193 shares during the period. Cannell Peter B & Co. Inc. raised its stake in GasLog Partners by 103.4% during the second quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock worth $6,585,000 after purchasing an additional 147,775 shares during the period. Evergreen Capital Management LLC raised its stake in GasLog Partners by 83.9% during the third quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock worth $4,007,000 after purchasing an additional 78,625 shares during the period. Finally, Wells Fargo & Company MN raised its stake in GasLog Partners by 5.4% during the third quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after purchasing an additional 7,932 shares during the period. 42.27% of the stock is currently owned by hedge funds and other institutional investors.
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GasLog Partners Company Profile
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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