GasLog Partners LP Unit (NYSE:GLOP) Downgraded to “C” at TheStreet

TheStreet downgraded shares of GasLog Partners LP Unit (NYSE:GLOP) from a b- rating to a c rating in a research report sent to investors on Thursday morning, TheStreetRatingsTable reports.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus lowered shares of GasLog Partners LP Unit from a buy rating to a hold rating and set a $22.00 price target for the company. in a research report on Tuesday, June 25th. Zacks Investment Research upgraded shares of GasLog Partners LP Unit from a strong sell rating to a hold rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley restated an equal weight rating and set a $18.00 price target (down previously from $23.00) on shares of GasLog Partners LP Unit in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. GasLog Partners LP Unit has an average rating of Hold and a consensus target price of $25.00.

GLOP opened at $20.49 on Thursday. The company has a market capitalization of $883.60 million, a price-to-earnings ratio of 11.64 and a beta of 0.93. The firm’s 50-day moving average is $21.35. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 0.73. GasLog Partners LP Unit has a fifty-two week low of $17.97 and a fifty-two week high of $25.99.

GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings results on Thursday, July 25th. The shipping company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.13). The company had revenue of $92.10 million for the quarter, compared to the consensus estimate of $91.29 million. GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.50%. GasLog Partners LP Unit’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Equities analysts predict that GasLog Partners LP Unit will post 1.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Monday, August 5th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date is Friday, August 2nd. This is a positive change from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. GasLog Partners LP Unit’s dividend payout ratio (DPR) is currently 125.00%.

Large investors have recently modified their holdings of the business. Osborn Williams & Donohoe LLC bought a new position in GasLog Partners LP Unit during the first quarter worth about $55,000. Covenant Multifamily Offices LLC bought a new position in GasLog Partners LP Unit during the first quarter worth about $91,000. Barnett & Company Inc. boosted its position in GasLog Partners LP Unit by 45.6% during the second quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock worth $136,000 after purchasing an additional 2,000 shares during the period. Burney Co. bought a new position in GasLog Partners LP Unit during the first quarter worth about $204,000. Finally, NEXT Financial Group Inc bought a new position in GasLog Partners LP Unit during the second quarter worth about $207,000. Hedge funds and other institutional investors own 43.50% 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 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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Analyst Recommendations for GasLog Partners LP Unit (NYSE:GLOP)

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