Stifel Nicolaus started coverage on shares of GasLog Partners LP (NYSE:GLOP) in a research note released on Monday. The firm issued a buy rating and a $24.00 price target on the stock.
A number of other research firms also recently commented on GLOP. Jefferies Group reaffirmed a buy rating and set a $24.00 price objective on shares of GasLog Partners in a research note on Tuesday, September 13th. Morgan Stanley downgraded shares of GasLog Partners from an overweight rating to an equal weight rating in a research note on Wednesday, November 2nd. Zacks Investment Research downgraded shares of GasLog Partners from a hold rating to a sell rating in a research report on Thursday, November 3rd. Clarkson Capital reissued a buy rating on shares of GasLog Partners in a research report on Friday, September 23rd. Finally, Wells Fargo & Co. raised shares of GasLog Partners from a market perform rating to an outperform rating in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $20.25.
GasLog Partners (NYSE:GLOP) opened at 20.65 on Monday. GasLog Partners has a 52 week low of $9.57 and a 52 week high of $22.00. The company has a 50-day moving average of $20.69 and a 200-day moving average of $19.98. The stock has a market cap of $724.73 million, a P/E ratio of 9.70 and a beta of 1.55.
GasLog Partners (NYSE:GLOP) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $51.45 million for the quarter, compared to the consensus estimate of $51.49 million. During the same period in the prior year, the company posted $0.60 earnings per share. GasLog Partners’s revenue was up .0% on a year-over-year basis. On average, analysts predict that GasLog Partners will post $2.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Shareholders of record on Monday, November 7th were given a $0.478 dividend. This is an increase from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, November 3rd. This represents a $1.91 annualized dividend and a yield of 9.26%.
A number of hedge funds have recently modified their holdings of the stock. Kayne Anderson Capital Advisors LP purchased a new stake in shares of GasLog Partners during the third quarter valued at about $51,722,000. Duff & Phelps Investment Management Co. boosted its position in GasLog Partners by 50.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,518,330 shares of the company’s stock valued at $33,084,000 after buying an additional 510,500 shares during the period. Morgan Stanley boosted its position in GasLog Partners by 387.9% in the third quarter. Morgan Stanley now owns 1,408,887 shares of the company’s stock valued at $30,700,000 after buying an additional 1,120,115 shares during the period. Eagle Global Advisors LLC boosted its position in GasLog Partners by 15.5% in the third quarter. Eagle Global Advisors LLC now owns 1,366,016 shares of the company’s stock valued at $29,765,000 after buying an additional 183,620 shares during the period. Finally, FMR LLC boosted its position in GasLog Partners by 312.5% in the second quarter. FMR LLC now owns 523,900 shares of the company’s stock valued at $9,944,000 after buying an additional 396,900 shares during the period.
GasLog Partners Company Profile