GasLog Partners LP Unit (GLOP) Given Consensus Recommendation of “Buy” by Brokerages

GasLog Partners LP Unit (NYSE:GLOP) has received an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.57.

GLOP has been the subject of several recent analyst reports. B. Riley initiated coverage on GasLog Partners LP Unit in a report on Wednesday, September 5th. They issued a “neutral” rating and a $27.00 price target for the company. Zacks Investment Research cut GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Deutsche Bank started coverage on GasLog Partners LP Unit in a report on Wednesday, October 10th. They issued a “hold” rating and a $25.00 price target for the company. Finally, Berenberg Bank started coverage on GasLog Partners LP Unit in a research note on Thursday, September 6th. They issued a “buy” rating and a $29.00 price objective for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new position in GasLog Partners LP Unit in the 2nd quarter valued at approximately $213,000. Barnett & Company Inc. increased its stake in GasLog Partners LP Unit by 109.8% in the 3rd quarter. Barnett & Company Inc. now owns 4,720 shares of the shipping company’s stock valued at $118,000 after purchasing an additional 2,470 shares in the last quarter. Van ECK Associates Corp increased its stake in GasLog Partners LP Unit by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 132,252 shares of the shipping company’s stock valued at $3,154,000 after purchasing an additional 12,974 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in GasLog Partners LP Unit by 13.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 28,179 shares of the shipping company’s stock valued at $672,000 after purchasing an additional 3,269 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in GasLog Partners LP Unit by 104.2% in the 2nd quarter. Renaissance Technologies LLC now owns 522,700 shares of the shipping company’s stock valued at $12,466,000 after purchasing an additional 266,700 shares in the last quarter. 40.21% of the stock is owned by hedge funds and other institutional investors.

Shares of GLOP traded up $0.62 during mid-day trading on Monday, hitting $24.64. The company’s stock had a trading volume of 89,881 shares, compared to its average volume of 119,199. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.31 and a quick ratio of 1.29. The stock has a market capitalization of $977.49 million, a P/E ratio of 11.79 and a beta of 1.15. GasLog Partners LP Unit has a 1-year low of $21.85 and a 1-year high of $25.99.

GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings results on Thursday, October 25th. The shipping company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $81.89 million during the quarter, compared to analysts’ expectations of $81.68 million. GasLog Partners LP Unit had a return on equity of 13.09% and a net margin of 33.57%. Research analysts anticipate that GasLog Partners LP Unit will post 1.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, November 5th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 8.60%. The ex-dividend date was Friday, November 2nd. GasLog Partners LP Unit’s payout ratio is currently 101.44%.

About GasLog Partners LP Unit

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

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