Equities research analysts predict that GasLog Partners LP Unit (NYSE:GLOP) will report earnings of $0.49 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for GasLog Partners LP Unit’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.47. GasLog Partners LP Unit also posted earnings per share of $0.49 during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that GasLog Partners LP Unit will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.76 to $1.86. For the next financial year, analysts anticipate that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings data on Thursday, July 25th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.13). GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.50%. The company had revenue of $92.10 million for the quarter, compared to analysts’ expectations of $91.29 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. TheStreet downgraded GasLog Partners LP Unit from a “b-” rating to a “c” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus downgraded GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. GasLog Partners LP Unit currently has a consensus rating of “Hold” and an average target price of $25.00.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in GasLog Partners LP Unit by 1.5% during the first quarter. FMR LLC now owns 4,535,378 shares of the shipping company’s stock worth $102,636,000 after buying an additional 66,099 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in GasLog Partners LP Unit by 21.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,553,340 shares of the shipping company’s stock worth $54,207,000 after acquiring an additional 450,096 shares during the last quarter. Invesco Ltd. increased its stake in GasLog Partners LP Unit by 3,989.0% during the second quarter. Invesco Ltd. now owns 2,509,103 shares of the shipping company’s stock worth $53,268,000 after acquiring an additional 2,447,740 shares during the last quarter. OppenheimerFunds Inc. increased its stake in GasLog Partners LP Unit by 0.3% during the first quarter. OppenheimerFunds Inc. now owns 2,449,923 shares of the shipping company’s stock worth $55,442,000 after acquiring an additional 7,384 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in shares of GasLog Partners LP Unit by 2.8% in the second quarter. Kayne Anderson Capital Advisors LP now owns 2,183,748 shares of the shipping company’s stock valued at $46,357,000 after buying an additional 59,900 shares in the last quarter. Institutional investors own 45.32% of the company’s stock.

GasLog Partners LP Unit stock traded up $0.43 on Wednesday, hitting $19.61. 147,800 shares of the stock traded hands, compared to its average volume of 155,784. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The firm has a market cap of $786.38 million, a P/E ratio of 11.14 and a beta of 0.93. The business’s fifty day simple moving average is $20.54 and its 200 day simple moving average is $21.39. GasLog Partners LP Unit has a 1 year low of $17.83 and a 1 year high of $25.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, August 5th were paid a dividend of $0.55 per share. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend was Friday, August 2nd. GasLog Partners LP Unit’s dividend payout ratio is 125.00%.

GasLog Partners LP Unit Company Profile

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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