GasLog Partners LP (NYSE:GLOP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of GasLog Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of GasLog Partners in a report on Tuesday, July 4th. Morgan Stanley upgraded shares of GasLog Partners from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $23.50 to $26.00 in a report on Tuesday, June 13th. Barclays PLC assumed coverage on shares of GasLog Partners in a report on Friday, April 21st. They issued an “equal weight” rating and a $26.00 price objective on the stock. Finally, TheStreet upgraded shares of GasLog Partners from a “c-” rating to a “b” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $25.40.

GasLog Partners (GLOP) traded up 1.54% on Thursday, reaching $23.15. 122,850 shares of the company’s stock traded hands. The stock’s 50 day moving average is $23.78 and its 200 day moving average is $23.48. The firm has a market cap of $913.59 million, a price-to-earnings ratio of 11.60 and a beta of 1.66. GasLog Partners has a 52-week low of $19.09 and a 52-week high of $25.45.

GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.11. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The business had revenue of $65.27 million during the quarter, compared to analyst estimates of $61.86 million. During the same quarter last year, the business earned $0.52 earnings per share. GasLog Partners’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts predict that GasLog Partners will post $2.24 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in shares of GasLog Partners by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock worth $132,000 after buying an additional 323 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of GasLog Partners by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 15,755 shares of the shipping company’s stock worth $386,000 after buying an additional 1,181 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of GasLog Partners by 19.4% in the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after buying an additional 1,868 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of GasLog Partners by 22.3% in the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after buying an additional 2,362 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of GasLog Partners by 0.7% in the first quarter. Global X Management Co. LLC now owns 363,060 shares of the shipping company’s stock worth $8,895,000 after buying an additional 2,640 shares during the last quarter. Institutional investors own 42.24% of the company’s stock.

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.

Analyst Recommendations for GasLog Partners (NYSE:GLOP)

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