GasLog Partners (NYSE:GLOP) Announces Earnings Results, Beats Expectations By $0.05 EPS

GasLog Partners (NYSE:GLOP) announced its earnings results on Sunday. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. GasLog Partners had a negative net margin of 23.09% and a positive return on equity of 13.38%.

GasLog Partners stock traded up $0.03 during midday trading on Tuesday, hitting $3.46. 7,279 shares of the stock were exchanged, compared to its average volume of 519,197. GasLog Partners has a 1 year low of $1.51 and a 1 year high of $7.42. The firm has a market cap of $170.75 million, a P/E ratio of -1.57 and a beta of 2.84. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.59 and a quick ratio of 0.57. The company has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $3.36.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 5th. GasLog Partners’s dividend payout ratio is presently 2.20%.

A number of brokerages recently issued reports on GLOP. Jefferies Financial Group raised their target price on shares of GasLog Partners from $3.25 to $4.00 and gave the stock a “hold” rating in a research report on Friday, January 29th. B. Riley increased their price target on shares of GasLog Partners from $3.25 to $3.75 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of GasLog Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 11th. Seven equities research analysts have rated the stock with a hold rating, GasLog Partners has a consensus rating of “Hold” and a consensus price target of $4.79.

GasLog Partners Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of August 5, 2020, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Piraeus, Greece.

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Earnings History for GasLog Partners (NYSE:GLOP)

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