GasLog Partners LP Unit (NYSE:GLOP) Lowered to Sell at Zacks Investment Research

GasLog Partners LP Unit (NYSE:GLOP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “GasLog Partners LP owns, operates and acquires LNG carriers with multi-year charters. The Company charges customers for the transportation of their LNG using its LNG carriers. GasLog Partners LP is based in Monaco. “

Several other equities research analysts have also recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price (down previously from $23.00) on shares of GasLog Partners LP Unit in a research note on Wednesday, April 17th. Stifel Nicolaus cut GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.71.

Shares of GLOP stock traded up $0.36 on Wednesday, hitting $20.96. The company had a trading volume of 112,169 shares, compared to its average volume of 162,144. The stock has a market cap of $868.84 million, a price-to-earnings ratio of 11.91 and a beta of 1.07. The company’s 50-day moving average price is $21.06. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.12. GasLog Partners LP Unit has a twelve month low of $17.97 and a twelve month high of $25.99.

GasLog Partners LP Unit (NYSE:GLOP) last issued its quarterly earnings results on Thursday, April 25th. The shipping company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.15). The company had revenue of $86.30 million during the quarter, compared to analyst estimates of $86.83 million. GasLog Partners LP Unit had a net margin of 25.75% and a return on equity of 11.11%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. As a group, analysts expect that GasLog Partners LP Unit will post 1.83 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in GasLog Partners LP Unit by 1.5% in the first quarter. FMR LLC now owns 4,535,378 shares of the shipping company’s stock worth $102,636,000 after buying an additional 66,099 shares during the last quarter. OppenheimerFunds Inc. increased its position in GasLog Partners LP Unit by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,449,923 shares of the shipping company’s stock worth $55,442,000 after buying an additional 7,384 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in GasLog Partners LP Unit by 20.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,123,848 shares of the shipping company’s stock worth $48,060,000 after buying an additional 367,800 shares during the last quarter. Cohen & Steers Inc. increased its position in GasLog Partners LP Unit by 13.3% in the fourth quarter. Cohen & Steers Inc. now owns 329,952 shares of the shipping company’s stock worth $6,533,000 after buying an additional 38,850 shares during the last quarter. Finally, Royce & Associates LP increased its position in GasLog Partners LP Unit by 1.0% in the fourth quarter. Royce & Associates LP now owns 265,100 shares of the shipping company’s stock worth $5,249,000 after buying an additional 2,500 shares during the last quarter. 43.51% of the stock is owned by institutional investors.

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 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

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