GasLog Partners (GLOP) Upgraded by ValuEngine to Strong-Buy

ValuEngine upgraded shares of GasLog Partners (NYSE:GLOP) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

GLOP has been the topic of a number of other reports. BidaskClub lowered shares of GasLog Partners from a hold rating to a sell rating in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of GasLog Partners from a buy rating to a hold rating in a research note on Thursday, October 12th. Barclays cut their price target on shares of GasLog Partners from $26.00 to $25.00 and set an equal weight rating on the stock in a research note on Friday, October 27th. Stifel Nicolaus restated a buy rating and set a $27.00 target price on shares of GasLog Partners in a research note on Friday, October 13th. Finally, Jefferies Group began coverage on shares of GasLog Partners in a research note on Monday, December 18th. They set a buy rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. GasLog Partners has an average rating of Buy and a consensus price target of $26.40.

Shares of GasLog Partners (NYSE:GLOP) opened at $22.95 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.00 and a current ratio of 1.02. The stock has a market cap of $947.15, a PE ratio of 11.05 and a beta of 1.44. GasLog Partners has a one year low of $21.80 and a one year high of $25.55.

GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. The company had revenue of $76.22 million for the quarter, compared to analyst estimates of $75.45 million. GasLog Partners had a net margin of 33.73% and a return on equity of 12.39%. The business’s revenue for the quarter was up 36.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. sell-side analysts anticipate that GasLog Partners will post 1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 9th will be paid a dividend of $0.5235 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 9.12%. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, February 8th. GasLog Partners’s dividend payout ratio is presently 100.00%.

Several hedge funds have recently added to or reduced their stakes in GLOP. Wells Fargo & Company MN increased its stake in shares of GasLog Partners by 11.6% during the second quarter. Wells Fargo & Company MN now owns 146,710 shares of the shipping company’s stock worth $3,323,000 after buying an additional 15,280 shares during the period. FMR LLC increased its stake in shares of GasLog Partners by 2.9% during the second quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock worth $47,732,000 after buying an additional 59,678 shares during the period. Stifel Financial Corp increased its stake in shares of GasLog Partners by 90.0% during the second quarter. Stifel Financial Corp now owns 23,712 shares of the shipping company’s stock worth $540,000 after buying an additional 11,230 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of GasLog Partners by 22.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after buying an additional 2,362 shares during the period. Finally, Moors & Cabot Inc. increased its stake in shares of GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after buying an additional 1,868 shares during the period. Hedge funds and other institutional investors own 42.16% of the company’s stock.

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GasLog Partners Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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