Brokerages Anticipate GasLog Partners LP (GLOP) Will Announce Quarterly Sales of $74.92 Million

Analysts expect that GasLog Partners LP (NYSE:GLOP) will report $74.92 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for GasLog Partners’ earnings. The lowest sales estimate is $72.79 million and the highest is $76.50 million. GasLog Partners posted sales of $57.91 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The firm is scheduled to issue its next earnings results before the market opens on Wednesday, January 31st.

On average, analysts expect that GasLog Partners will report full-year sales of $74.92 million for the current fiscal year, with estimates ranging from $264.77 million to $272.20 million. For the next fiscal year, analysts expect that the firm will post sales of $314.60 million per share, with estimates ranging from $295.51 million to $350.20 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for GasLog Partners.

GasLog Partners (NYSE:GLOP) last announced its earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The business had revenue of $73.40 million for the quarter, compared to the consensus estimate of $72.11 million. During the same period in the prior year, the business posted $0.56 EPS. GasLog Partners’s revenue for the quarter was up 11.2% on a year-over-year basis.

GLOP has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of GasLog Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Barclays decreased their target price on shares of GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. ValuEngine raised shares of GasLog Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Jefferies Group started coverage on shares of GasLog Partners in a research report on Monday, December 18th. They set a “buy” rating and a $28.00 price target for the company. Finally, BidaskClub raised shares of GasLog Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. GasLog Partners has a consensus rating of “Buy” and an average target price of $26.40.

Several institutional investors and hedge funds have recently made changes to their positions in GLOP. The Manufacturers Life Insurance Company boosted its holdings 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 during the last quarter. Moors & Cabot Inc. boosted its holdings 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 during the last quarter. Cubist Systematic Strategies LLC boosted its holdings 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 during the last quarter. Wells Fargo & Company MN boosted its holdings in GasLog Partners by 5.4% in the third quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after purchasing an additional 7,932 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in GasLog Partners by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 466,855 shares of the shipping company’s stock worth $10,574,000 after purchasing an additional 8,027 shares during the last quarter. 42.27% of the stock is owned by institutional investors.

Shares of GasLog Partners (NYSE:GLOP) traded down $0.30 during midday trading on Friday, hitting $24.20. 85,300 shares of the company’s stock were exchanged, compared to its average volume of 137,325. GasLog Partners has a fifty-two week low of $20.20 and a fifty-two week high of $25.55. The company has a market capitalization of $1,020.00, a P/E ratio of 11.26 and a beta of 1.61. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 1.26.

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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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