GasLog Partners (NYSE:GLOP) Posts Earnings Results

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GasLog Partners (NYSE:GLOP) posted its quarterly earnings results on Monday. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. GasLog Partners had a positive return on equity of 13.38% and a negative net margin of 23.09%.

Shares of GasLog Partners stock traded down $0.07 on Tuesday, hitting $3.36. The stock had a trading volume of 1,224 shares, compared to its average volume of 519,197. The stock has a market cap of $165.82 million, a price-to-earnings ratio of -1.57 and a beta of 2.84. GasLog Partners has a twelve month low of $1.51 and a twelve month high of $7.42. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 2.03. The business’s 50 day moving average is $3.43 and its two-hundred day moving average is $3.36.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 11th. Shareholders of record on Monday, February 8th were paid a $0.01 dividend. The ex-dividend date was Friday, February 5th. This represents a $0.04 annualized dividend and a yield of 1.19%. GasLog Partners’s dividend payout ratio is 2.20%.

GLOP has been the subject of several research reports. Zacks Investment Research cut GasLog Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 11th. B. Riley reissued a “neutral” rating and set a $3.75 price objective (up previously from $3.25) on shares of GasLog Partners in a report on Tuesday. Finally, Jefferies Financial Group raised their target price on GasLog Partners from $3.25 to $4.00 and gave the company a “hold” rating in a report on Friday, January 29th. Seven investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $4.79.

GasLog Partners Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of August 5, 2020, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Piraeus, Greece.

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Earnings History for GasLog Partners (NYSE:GLOP)

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