Analysts Anticipate GasLog Partners (GLOP) Will Post Quarterly Sales of $76.52 Million

Brokerages expect GasLog Partners (NYSE:GLOP) to announce sales of $76.52 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for GasLog Partners’ earnings, with the highest sales estimate coming in at $78.80 million and the lowest estimate coming in at $74.02 million. GasLog Partners reported sales of $56.99 million in the same quarter last year, which indicates a positive year over year growth rate of 34.3%. The firm is expected to report its next earnings report on Thursday, April 26th.

On average, analysts expect that GasLog Partners will report full-year sales of $76.52 million for the current financial year, with estimates ranging from $297.90 million to $333.90 million. For the next financial year, analysts forecast that the firm will post sales of $348.86 million per share, with estimates ranging from $316.80 million to $386.33 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for GasLog Partners.

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GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The company had revenue of $76.22 million for the quarter, compared to the consensus estimate of $75.45 million. During the same quarter in the prior year, the business earned $0.71 EPS. GasLog Partners’s revenue was up 36.2% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded GasLog Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Finally, Jefferies Group assumed coverage on GasLog Partners in a report on Monday, December 18th. They set a “buy” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of GasLog Partners by 24.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock valued at $13,538,000 after acquiring an additional 114,193 shares during the last quarter. Royce & Associates LP purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $4,965,000. Essex Financial Services Inc. purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $208,000. Global X Management Co. LLC increased its holdings in shares of GasLog Partners by 8.7% in the 4th quarter. Global X Management Co. LLC now owns 535,460 shares of the shipping company’s stock valued at $13,253,000 after acquiring an additional 43,021 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $848,000. Institutional investors and hedge funds own 41.19% of the company’s stock.

NYSE GLOP traded up $0.25 during trading hours on Wednesday, hitting $23.30. 65,935 shares of the company were exchanged, compared to its average volume of 143,724. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.02 and a quick ratio of 1.00. GasLog Partners has a 52-week low of $21.80 and a 52-week high of $25.55. The company has a market cap of $955.35, a price-to-earnings ratio of 11.15 and a beta of 1.35.

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About GasLog Partners

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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