Jefferies Group Weighs in on GasLog Partners LP’s Q2 2018 Earnings (GLOP)

GasLog Partners LP (NYSE:GLOP) – Stock analysts at Jefferies Group issued their Q2 2018 earnings estimates for GasLog Partners in a research report issued on Wednesday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $0.35 per share for the quarter. Jefferies Group has a “Buy” rating and a $28.00 price objective on the stock. Jefferies Group also issued estimates for GasLog Partners’ Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.36 EPS and FY2019 earnings at $1.51 EPS.

GasLog Partners (NYSE:GLOP) last announced its earnings results on Wednesday, January 31st. The shipping company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The company had revenue of $76.22 million for the quarter, compared to analyst estimates of $75.45 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 36.2% compared to the same quarter last year.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered GasLog Partners from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine upgraded GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub upgraded GasLog Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays cut their target price on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $27.00 target price on shares of GasLog Partners in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. GasLog Partners presently has a consensus rating of “Buy” and a consensus price target of $26.40.

Shares of GasLog Partners (NYSE GLOP) opened at $23.20 on Monday. GasLog Partners has a 52-week low of $21.80 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.47 and a current ratio of 1.02. The company has a market capitalization of $961.54, a PE ratio of 10.69 and a beta of 1.44.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in GasLog Partners by 2.9% during the 2nd quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock worth $47,732,000 after buying an additional 59,678 shares during the period. JPMorgan Chase & Co. raised its stake in GasLog Partners by 24.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock worth $13,538,000 after buying an additional 114,193 shares during the period. Evergreen Capital Management LLC raised its stake in GasLog Partners by 83.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 172,334 shares of the shipping company’s stock worth $4,007,000 after buying an additional 78,625 shares during the period. Wells Fargo & Company MN raised its stake in GasLog Partners by 5.4% during the 3rd quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock worth $3,595,000 after buying an additional 7,932 shares during the period. Finally, Castleark Management LLC acquired a new position in GasLog Partners during the 2nd quarter worth approximately $2,134,000. 42.24% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 9th will be paid a dividend of $0.5235 per share. This is an increase from GasLog Partners’s previous quarterly dividend of $0.52. This represents a $2.09 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date of this dividend is Thursday, February 8th. GasLog Partners’s dividend payout ratio is 95.39%.

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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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