GasLog Partners LP Unit (GLOP) Announces Quarterly Earnings Results

GasLog Partners LP Unit (NYSE:GLOP) posted its quarterly earnings data on Thursday, July 26th. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05, Morningstar.com reports. GasLog Partners LP Unit had a return on equity of 13.26% and a net margin of 33.85%. The business had revenue of $76.90 million during the quarter, compared to the consensus estimate of $74.87 million. During the same period last year, the company earned $0.45 earnings per share. GasLog Partners LP Unit’s quarterly revenue was down 10.0% on a year-over-year basis.

GasLog Partners LP Unit stock opened at $24.75 on Friday. GasLog Partners LP Unit has a one year low of $21.85 and a one year high of $25.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.04. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 11.77 and a beta of 1.33.

The company also recently declared a quarterly dividend, which was paid on Friday, August 10th. Investors of record on Monday, August 6th were issued a dividend of $0.53 per share. The ex-dividend date was Friday, August 3rd. This represents a $2.12 annualized dividend and a yield of 8.57%. GasLog Partners LP Unit’s payout ratio is currently 101.44%.

Several research analysts recently commented on the company. B. Riley set a $27.00 price target on GasLog Partners LP Unit and gave the company a “hold” rating in a research report on Tuesday, July 31st. ValuEngine raised GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. BTIG Research assumed coverage on GasLog Partners LP Unit in a research report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Citigroup cut their price objective on GasLog Partners LP Unit from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.86.

A number of institutional investors have recently bought and sold shares of the business. Eagle Global Advisors LLC increased its stake in GasLog Partners LP Unit by 5.0% during the 1st quarter. Eagle Global Advisors LLC now owns 1,021,700 shares of the shipping company’s stock worth $23,806,000 after acquiring an additional 48,900 shares during the period. Global X Management Co. LLC increased its stake in GasLog Partners LP Unit by 22.1% during the 1st quarter. Global X Management Co. LLC now owns 654,021 shares of the shipping company’s stock worth $15,239,000 after acquiring an additional 118,561 shares during the period. Evergreen Capital Management LLC increased its stake in GasLog Partners LP Unit by 5.4% during the 1st quarter. Evergreen Capital Management LLC now owns 189,484 shares of the shipping company’s stock worth $4,415,000 after acquiring an additional 9,725 shares during the period. Wells Fargo & Company MN increased its stake in shares of GasLog Partners LP Unit by 8.8% in the 1st quarter. Wells Fargo & Company MN now owns 188,851 shares of the shipping company’s stock valued at $4,400,000 after purchasing an additional 15,266 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of GasLog Partners LP Unit by 5.7% in the 1st quarter. Guggenheim Capital LLC now owns 166,004 shares of the shipping company’s stock valued at $3,868,000 after purchasing an additional 8,888 shares during the last quarter. Hedge funds and other institutional investors own 40.21% of the company’s stock.

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.

Further Reading: Investing in Growth Stocks

Earnings History for GasLog Partners LP Unit (NYSE:GLOP)

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