GasLog Partners LP (GLOP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of GasLog Partners LP (NYSE:GLOP) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $26.50.

A number of research firms have weighed in on GLOP. Zacks Investment Research raised GasLog Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays reduced their price target on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price objective on shares of GasLog Partners in a report on Friday, October 13th.

GasLog Partners (GLOP) opened at $22.95 on Friday. GasLog Partners has a 12-month low of $21.80 and a 12-month high of $25.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.00 and a current ratio of 1.02. The firm has a market capitalization of $947.15, a P/E ratio of 10.98 and a beta of 1.44.

GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The firm had revenue of $76.22 million during the quarter, compared to the consensus estimate of $75.45 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s revenue was up 36.2% on a year-over-year basis. sell-side analysts expect that GasLog Partners will post 1.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 9th will be issued a $0.5235 dividend. This represents a $2.09 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from GasLog Partners’s previous quarterly dividend of $0.52. GasLog Partners’s dividend payout ratio is presently 100.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of GasLog Partners by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after buying an additional 323 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of GasLog Partners by 19.4% in the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after buying an additional 1,868 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of GasLog Partners by 22.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after buying an additional 2,362 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of GasLog Partners by 5.4% in the 3rd quarter. Wells Fargo & Company MN now owns 154,642 shares of the shipping company’s stock valued at $3,595,000 after buying an additional 7,932 shares during the last quarter. Finally, Essex Financial Services Inc. acquired a new stake in shares of GasLog Partners in the 4th quarter valued at approximately $208,000. 42.16% of the stock is owned by institutional investors.

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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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