BidaskClub Downgrades GasLog Partners LP (GLOP) to Sell
GasLog Partners LP (NYSE:GLOP) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price objective on shares of GasLog Partners in a research report on Tuesday, July 4th. Finally, Morgan Stanley upgraded GasLog Partners from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $23.50 to $26.00 in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. GasLog Partners presently has an average rating of “Buy” and an average target price of $25.40.
GasLog Partners (NYSE:GLOP) traded up 0.22% on Friday, hitting $22.35. The stock had a trading volume of 72,935 shares. GasLog Partners has a 12-month low of $19.09 and a 12-month high of $25.45. The company’s 50 day moving average is $23.42 and its 200 day moving average is $23.46. The firm has a market cap of $882.02 million, a PE ratio of 11.20 and a beta of 1.67.
GasLog Partners (NYSE:GLOP) last announced its earnings results 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. The business had revenue of $65.27 million for the quarter, compared to analysts’ expectations of $61.86 million. GasLog Partners had a return on equity of 12.06% and a net margin of 35.43%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts expect that GasLog Partners will post $2.24 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in GLOP. Castleark Management LLC bought a new stake in shares of GasLog Partners in the second quarter valued at about $2,134,000. The Manufacturers Life Insurance Company raised its position in 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 purchasing an additional 323 shares in the last quarter. Moors & Cabot Inc. raised its position in 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 purchasing an additional 1,868 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in 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 purchasing an additional 2,362 shares in the last quarter. Finally, People s United Financial Inc. acquired a new position in GasLog Partners in the second quarter worth about $227,000. Institutional investors own 39.84% 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.
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.