GasLog Partners (GLOP) Releases Quarterly Earnings, Misses Expectations By $0.20 EPS
GasLog Partners (NASDAQ:GLOP) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.20, American Banking News reports. The company had revenue of $21.00 million for the quarter, compared to the consensus estimate of $20.99 million. GasLog Partners’s revenue was up 28.8% compared to the same quarter last year.
Shares of GasLog Partners (NASDAQ:GLOP) traded down 0.21% during mid-day trading on Thursday, hitting $33.21. 63,478 shares of the company’s stock traded hands. GasLog Partners has a one year low of $25.50 and a one year high of $37.39. The stock has a 50-day moving average of $33.50 and a 200-day moving average of $30.94. The company has a market cap of $326.2 million and a price-to-earnings ratio of 0.05.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of GasLog Partners in a research note on Wednesday, June 25th. They now have a $38.00 price target on the stock, up previously from $30.00. On the ratings front, 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. Finally, 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. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $33.40.
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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