Zacks Investment Research lowered shares of GasLog Partners LP (NYSE:GLOP) from a hold rating to a strong sell rating in a research note released on Tuesday morning.
According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “
Other equities analysts have also issued research reports about the company. BidaskClub raised GasLog Partners from a sell rating to a hold rating in a research note on Tuesday. ValuEngine lowered GasLog Partners from a strong-buy rating to a buy rating in a research note on Wednesday, September 27th. Barclays PLC dropped their price target 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. Stifel Nicolaus reaffirmed a buy rating and set a $27.00 price target on shares of GasLog Partners in a research report on Friday, October 13th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $28.00 price target on shares of GasLog Partners in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. GasLog Partners presently has an average rating of Hold and a consensus target price of $26.40.
Shares of GasLog Partners (GLOP) traded down 0.42% during trading on Tuesday, hitting $23.65. 78,078 shares of the stock traded hands. The firm’s 50-day moving average price is $23.35 and its 200-day moving average price is $23.30. The company has a market cap of $933.32 million, a price-to-earnings ratio of 11.85 and a beta of 1.67. GasLog Partners has a 52 week low of $19.10 and a 52 week high of $25.45.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). GasLog Partners had a return on equity of 12.44% and a net margin of 34.89%. The company had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.11 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that GasLog Partners will post $2.17 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Monday, November 6th will be given a $0.5175 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.51. GasLog Partners’s dividend payout ratio (DPR) is currently 95.33%.
A number of hedge funds have recently bought and sold shares of the business. Csenge Advisory Group bought a new position in GasLog Partners in the third quarter valued at approximately $251,000. Castleark Management LLC bought a new position in GasLog Partners in the second quarter valued at approximately $2,134,000. The Manufacturers Life Insurance Company grew its stake 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 valued at $132,000 after purchasing an additional 323 shares in the last quarter. Moors & Cabot Inc. grew its stake in GasLog Partners by 19.4% in the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake 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 valued at $293,000 after purchasing an additional 2,362 shares in the last quarter. Hedge funds and other institutional investors own 39.84% of the company’s stock.
About GasLog Partners
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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