GasLog Partners (GLOP) Now Covered by Analysts at Jefferies Group

Jefferies Group initiated coverage on shares of GasLog Partners (NYSE:GLOP) in a report released on Monday morning. The brokerage issued a buy rating and a $28.00 price target on the shipping company’s stock.

A number of other research firms have also issued reports on GLOP. BidaskClub raised shares of GasLog Partners from a sell rating to a hold rating in a research report on Monday, September 18th. ValuEngine raised shares of GasLog Partners from a buy rating to a strong-buy rating in a research report on Thursday, September 21st. Zacks Investment Research raised shares of GasLog Partners from a hold rating to a buy rating and set a $26.00 price target for the company in a research report on Thursday, September 28th. Stifel Nicolaus reissued a buy rating and issued a $27.00 price target on shares of GasLog Partners in a research report on Friday, October 13th. Finally, Barclays reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $26.40.

Shares of GasLog Partners (NYSE GLOP) opened at $23.60 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49. GasLog Partners has a 52 week low of $19.55 and a 52 week high of $25.45. The company has a market cap of $942.30, a PE ratio of 10.84 and a beta of 1.61.

GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, October 26th. The shipping company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The firm had revenue of $73.40 million for the quarter, compared to analysts’ expectations of $72.11 million. During the same period in the prior year, the company posted $0.56 earnings per share. GasLog Partners’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts predict that GasLog Partners will post 2.13 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GLOP. The Manufacturers Life Insurance Company increased its holdings 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 worth $132,000 after buying an additional 323 shares during the last quarter. People s United Financial Inc. acquired a new position in GasLog Partners during the second quarter valued at approximately $227,000. Csenge Advisory Group acquired a new position in GasLog Partners during the third quarter valued at approximately $251,000. Moors & Cabot Inc. grew its holdings in GasLog Partners by 19.4% during 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 during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in GasLog Partners by 22.3% during 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 during the last quarter. Hedge funds and other institutional investors own 42.27% of the company’s stock.

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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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