GasLog Partners LP Unit (GLOP) Posts Quarterly Earnings Results

GasLog Partners LP Unit (NYSE:GLOP) announced its quarterly earnings results on Wednesday, January 30th. The shipping company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16), Fidelity Earnings reports. The business had revenue of $86.85 million during the quarter, compared to analysts’ expectations of $88.68 million. GasLog Partners LP Unit had a return on equity of 11.87% and a net margin of 30.10%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS.

Shares of NYSE:GLOP opened at $22.47 on Thursday. The stock has a market capitalization of $923.35 million, a price-to-earnings ratio of 12.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 0.34. GasLog Partners LP Unit has a 52-week low of $17.97 and a 52-week high of $25.99.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Friday, February 8th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 9.79%. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, February 7th. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 125.00%.

GLOP has been the subject of a number of research reports. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Monday, December 31st. ValuEngine upgraded GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Finally, Morgan Stanley reduced their price target on GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating for the company in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.36.

A number of large investors have recently made changes to their positions in GLOP. Quantamental Technologies LLC purchased a new position in shares of GasLog Partners LP Unit during the 4th quarter valued at about $36,000. SeaBridge Investment Advisors LLC lifted its position in shares of GasLog Partners LP Unit by 100.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,000 shares in the last quarter. Barnett & Company Inc. lifted its position in shares of GasLog Partners LP Unit by 109.8% during the 3rd quarter. Barnett & Company Inc. now owns 4,720 shares of the shipping company’s stock valued at $118,000 after buying an additional 2,470 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of GasLog Partners LP Unit during the 3rd quarter valued at about $206,000. Finally, California Public Employees Retirement System purchased a new position in shares of GasLog Partners LP Unit during the 2nd quarter valued at about $322,000. 44.69% of the stock is currently owned by institutional investors and hedge funds.

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GasLog Partners LP Unit Company Profile

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

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