GasLog Partners LP (NYSE:GLOP) had its price objective lowered by investment analysts at Barclays PLC from $26.00 to $25.00 in a note issued to investors on Friday. The brokerage presently has an “equal weight” rating on the shipping company’s stock. Barclays PLC’s target price indicates a potential upside of 3.95% from the company’s current price.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded GasLog Partners from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded GasLog Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating and set a $27.00 target price on shares of GasLog Partners in a research report on Friday, October 13th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of GasLog Partners in a research report on Tuesday, July 4th. Finally, ValuEngine downgraded GasLog Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.40.

Shares of GasLog Partners (NYSE:GLOP) traded up 1.69% on Friday, hitting $24.05. The stock had a trading volume of 177,098 shares. The stock has a 50 day moving average of $23.18 and a 200-day moving average of $23.30. The stock has a market cap of $949.11 million, a PE ratio of 12.06 and a beta of 1.67. GasLog Partners has a 12 month low of $19.10 and a 12 month high of $25.45.

GasLog Partners (NYSE:GLOP) last released its earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $73.40 million for the quarter, compared to analysts’ expectations of $72.11 million. GasLog Partners had a net margin of 34.89% and a return on equity of 12.73%. GasLog Partners’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. Equities research analysts anticipate that GasLog Partners will post $2.19 EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted 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 valued at $132,000 after acquiring an additional 323 shares in the last quarter. People s United Financial Inc. purchased a new position in shares of GasLog Partners in the second quarter valued at about $227,000. Meridian Wealth Management LLC purchased a new position in shares of GasLog Partners in the second quarter valued at about $252,000. Moors & Cabot Inc. lifted 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 valued at $259,000 after acquiring an additional 1,868 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of GasLog Partners in the first quarter valued at about $265,000. Institutional investors and hedge funds 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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