GasLog Partners’ Quiet Period Set To Expire on June 16th (NASDAQ:GLOP)
GasLog Partners’ (NASDAQ:GLOP) quiet period will end on Monday, June 16th. GasLog Partners had issued 8,400,000 shares in its IPO on May 7th, American Banking & Market News reports. The total size of the offering was $176,400,000 based on an initial share price of $21.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of research firms have recently commented on GLOP. Analysts at Morgan Stanley initiated coverage on shares of GasLog Partners in a research note on Monday, June 2nd. They set an “overweight” rating and a $32.00 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of GasLog Partners in a research note on Monday, June 2nd. They set an “overweight” rating and a $33.00 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of GasLog Partners in a research note on Monday, June 2nd. They set an “outperform” rating on the stock. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $31.80.
Shares of GasLog Partners (NASDAQ:GLOP) remained flat at $28.88 during trading on Wednesday. The stock had a trading volume of 396 shares. GasLog Partners has a one year low of $25.50 and a one year high of $29.25. The stock has a 50-day moving average of $27.20 and a 200-day moving average of $27.20. The company has a market cap of $283.7 million and a P/E ratio of 0.04.
GasLog Partners LP is a limited partnership. The Company is formed to own, operate and acquire liquefied natural gas (NASDAQ:GLOP), carriers engaged in LNG transportation under long-term charters.
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