GasLog Partners LP Unit (NYSE:GLOP) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.08.
GLOP has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating for the company in a research report on Monday, November 19th. Zacks Investment Research lowered GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Friday, November 30th.
A number of institutional investors have recently modified their holdings of GLOP. Tortoise Capital Advisors L.L.C. bought a new stake in GasLog Partners LP Unit in the 3rd quarter valued at about $56,250,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in GasLog Partners LP Unit in the 3rd quarter valued at about $13,944,000. FMR LLC increased its position in GasLog Partners LP Unit by 13.0% in the 4th quarter. FMR LLC now owns 4,469,279 shares of the shipping company’s stock valued at $88,492,000 after buying an additional 515,506 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in GasLog Partners LP Unit in the 3rd quarter valued at about $8,196,000. Finally, McGowan Group Asset Management Inc. increased its position in GasLog Partners LP Unit by 77.3% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 297,140 shares of the shipping company’s stock valued at $7,428,000 after buying an additional 129,586 shares in the last quarter. 44.91% of the stock is owned by institutional investors and hedge funds.
GLOP stock opened at $22.86 on Friday. GasLog Partners LP Unit has a 1-year low of $17.97 and a 1-year high of $25.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.34 and a quick ratio of 0.33. The stock has a market capitalization of $937.31 million, a PE ratio of 12.99 and a beta of 1.24.
GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings data on Wednesday, January 30th. The shipping company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.16). GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The business had revenue of $86.85 million during the quarter, compared to the consensus estimate of $88.68 million. During the same period last year, the business posted $0.61 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Analysts expect that GasLog Partners LP Unit will post 1.97 earnings per share for the current year.
GasLog Partners LP Unit Company Profile
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.
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