GasLog Partners LP (NYSE:GLOP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “

GLOP has been the topic of several other research reports. BidaskClub downgraded shares of GasLog Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine downgraded shares of GasLog Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of GasLog Partners in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. GasLog Partners has a consensus rating of “Buy” and an average target price of $26.00.

Shares of GasLog Partners (GLOP) traded up 1.07% during mid-day trading on Thursday, reaching $23.55. The company’s stock had a trading volume of 65,859 shares. The firm has a market capitalization of $929.38 million, a PE ratio of 11.80 and a beta of 1.67. GasLog Partners has a 52 week low of $19.10 and a 52 week high of $25.45. The firm has a 50-day moving average of $23.07 and a 200-day moving average of $23.33.

GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Thursday, July 27th. The shipping company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The business had revenue of $65.27 million for the quarter, compared to the consensus estimate of $61.86 million. GasLog Partners had a net margin of 35.43% and a return on equity of 12.06%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. Equities research analysts forecast that GasLog Partners will post $2.21 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of GLOP. FMR LLC increased its holdings in shares of GasLog Partners by 82.8% during the 1st quarter. FMR LLC now owns 2,047,700 shares of the shipping company’s stock worth $50,169,000 after purchasing an additional 927,600 shares during the period. JPMorgan Chase & Co. boosted its position in shares of GasLog Partners by 43,473.4% during the 1st quarter. JPMorgan Chase & Co. now owns 458,828 shares of the shipping company’s stock valued at $11,242,000 after acquiring an additional 457,775 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of GasLog Partners by 51.2% during the 2nd quarter. Global X Management Co. LLC now owns 549,001 shares of the shipping company’s stock valued at $12,435,000 after acquiring an additional 185,941 shares in the last quarter. Cannell Peter B & Co. Inc. boosted its position in shares of GasLog Partners by 103.4% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock valued at $6,585,000 after acquiring an additional 147,775 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in shares of GasLog Partners during the 2nd quarter valued at about $3,048,000. 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.

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