GasLog Partners LP Unit (NYSE:GLOP) Receives Average Rating of “Hold” from Analysts

GasLog Partners LP Unit (NYSE:GLOP) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.20.

GLOP has been the subject of a number of analyst reports. Morgan Stanley set a $60.00 price objective on shares of Berry Global Group and gave the company a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus initiated coverage on shares of GENFIT S A/ADR in a research report on Tuesday, June 25th. They issued a “hold” rating for the company.

Shares of GLOP stock opened at $21.22 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. GasLog Partners LP Unit has a 1 year low of $17.97 and a 1 year high of $25.99. The company has a fifty day simple moving average of $21.22. The firm has a market cap of $870.07 million, a price-to-earnings ratio of 12.06 and a beta of 0.95.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings results on Thursday, April 25th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.15). GasLog Partners LP Unit had a net margin of 25.75% and a return on equity of 11.11%. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $86.83 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that GasLog Partners LP Unit will post 1.82 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of GasLog Partners LP Unit by 1.5% during the 1st quarter. FMR LLC now owns 4,535,378 shares of the shipping company’s stock worth $102,636,000 after buying an additional 66,099 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of GasLog Partners LP Unit by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,449,923 shares of the shipping company’s stock worth $55,442,000 after buying an additional 7,384 shares during the period. Kayne Anderson Capital Advisors LP boosted its holdings in shares of GasLog Partners LP Unit by 20.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,123,848 shares of the shipping company’s stock worth $48,060,000 after buying an additional 367,800 shares during the period. First Trust Advisors LP boosted its holdings in shares of GasLog Partners LP Unit by 6.7% during the 1st quarter. First Trust Advisors LP now owns 227,900 shares of the shipping company’s stock worth $5,157,000 after buying an additional 14,258 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of GasLog Partners LP Unit during the 4th quarter worth about $1,262,000. 43.51% of the stock is owned by institutional investors and hedge funds.

About GasLog Partners LP Unit

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

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Analyst Recommendations for GasLog Partners LP Unit (NYSE:GLOP)

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