Zacks: Analysts Anticipate GasLog Partners LP (GLOP) Will Post Quarterly Sales of $60.42 Million
Analysts forecast that GasLog Partners LP (NYSE:GLOP) will post sales of $60.42 million for the current quarter, according to Zacks. Five analysts have made estimates for GasLog Partners’ earnings, with the highest sales estimate coming in at $61.83 million and the lowest estimate coming in at $57.10 million. GasLog Partners reported sales of $49.64 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.7%. The business is expected to announce its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that GasLog Partners will report full-year sales of $60.42 million for the current financial year, with estimates ranging from $246.83 million to $261.35 million. For the next financial year, analysts expect that the business will report sales of $290.17 million per share, with estimates ranging from $249.19 million to $331.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow GasLog Partners.
GasLog Partners (NYSE:GLOP) last announced its quarterly earnings results on Thursday, April 27th. The shipping company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.04. GasLog Partners had a net margin of 35.19% and a return on equity of 11.77%. The company had revenue of $57 million during the quarter, compared to analyst estimates of $57.02 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year.
Several analysts have recently commented on GLOP shares. TheStreet raised GasLog Partners from a “c-” rating to a “b” rating in a report on Monday, May 8th. Barclays PLC started coverage on GasLog Partners in a report on Friday, April 21st. They issued an “equal weight” rating and a $26.00 price target for the company. Morgan Stanley raised GasLog Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $23.50 to $26.00 in a report on Tuesday, June 13th. Finally, Jefferies Group LLC raised their price target on GasLog Partners from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.17.
Institutional investors have recently added to or reduced their stakes in the company. Essex Financial Services Inc. bought a new position in GasLog Partners during the first quarter valued at $204,000. Koch Industries Inc. bought a new position in GasLog Partners during the first quarter valued at $206,000. HighTower Advisors LLC bought a new position in GasLog Partners during the first quarter valued at $265,000. Stifel Financial Corp bought a new position in GasLog Partners during the first quarter valued at $306,000. Finally, Janney Montgomery Scott LLC increased its position in GasLog Partners by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 15,755 shares of the shipping company’s stock valued at $386,000 after buying an additional 1,181 shares during the last quarter. 58.94% of the stock is owned by institutional investors.
Shares of GasLog Partners (NYSE:GLOP) traded up 1.59% on Thursday, reaching $22.30. The company’s stock had a trading volume of 16,734 shares. GasLog Partners has a 1-year low of $18.01 and a 1-year high of $25.20. The stock has a 50-day moving average price of $22.88 and a 200-day moving average price of $22.70. The company has a market capitalization of $870.70 million, a price-to-earnings ratio of 10.10 and a beta of 1.64.
GasLog Partners Company Profile
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GasLog Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.