Barclays Initiates Coverage on GasLog Partners (GLOP)
Research analysts at Barclays started coverage on shares of GasLog Partners (NASDAQ:GLOP) in a report released on Thursday. The firm set an “overweight” rating and a $37.00 price target on the stock. Barclays’ price objective points to a potential upside of 11.78% from the stock’s previous close.
GasLog Partners (NASDAQ:GLOP) opened at 33.10 on Thursday. GasLog Partners has a 52 week low of $25.50 and a 52 week high of $37.39. The stock’s 50-day moving average is $33.07 and its 200-day moving average is $31.44. The company has a market cap of $325.1 million and a price-to-earnings ratio of 11.65.
GasLog Partners (NASDAQ:GLOP) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.20. The company had revenue of $21.00 million for the quarter, compared to the consensus estimate of $20.99 million. The company’s quarterly revenue was up 28.8% on a year-over-year basis. Analysts expect that GasLog Partners will post $1.46 EPS for the current fiscal year.
A number of other firms have also recently commented on GLOP. 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. Separately, 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. Seven investment analysts have rated the stock with a buy rating, GasLog Partners presently has an average rating of “Buy” and a consensus price target of $34.00.
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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