GasLog Partners Given Average Rating of “Buy” by Brokerages (NASDAQ:GLOP)
Shares of GasLog Partners (NASDAQ:GLOP) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Analyst Ratings Network.com reports. Seven equities research analysts have rated the stock with a buy recommendation, The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.00.
Shares of GasLog Partners (NASDAQ:GLOP) traded up 1.18% during mid-day trading on Thursday, hitting $33.49. 33,563 shares of the company’s stock traded hands. GasLog Partners has a 52 week low of $25.50 and a 52 week high of $37.39. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $31.44. The company has a market cap of $328.9 million and a price-to-earnings ratio of 11.51.
GasLog Partners (NASDAQ:GLOP) last released its earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that GasLog Partners will post $1.46 earnings per share for the current fiscal year.
A number of research firms have recently commented on GLOP. Analysts at Barclays initiated coverage on shares of GasLog Partners in a research note on Thursday. They set an “overweight” rating and a $37.00 price target on the stock. Separately, 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. Finally, 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.
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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