GasLog Partners (NYSE:GLOP) Coverage Initiated at Jefferies Financial Group

Equities researchers at Jefferies Financial Group began coverage on shares of GasLog Partners (NYSE:GLOP – Get Rating) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the shipping company’s stock.

GLOP has been the subject of several other reports. TheStreet cut GasLog Partners from a “c” rating to a “d+” rating in a research report on Tuesday, February 1st. Zacks Investment Research lowered GasLog Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 26th. Finally, StockNews.com raised GasLog Partners from a “hold” rating to a “buy” rating in a research note on Monday, April 11th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to MarketBeat.com, GasLog Partners currently has an average rating of “Hold” and a consensus price target of $5.08.

GasLog Partners stock opened at $4.41 on Wednesday. The stock has a market capitalization of $232.83 million, a PE ratio of -10.50 and a beta of 2.73. GasLog Partners has a 12 month low of $2.61 and a 12 month high of $6.15. The business has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.63. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.92 and a quick ratio of 0.90.

GasLog Partners (NYSE:GLOP – Get Rating) last posted its quarterly earnings data on Thursday, January 27th. The shipping company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). GasLog Partners had a negative net margin of 0.57% and a positive return on equity of 14.11%. The business had revenue of $88.17 million during the quarter, compared to analysts’ expectations of $88.53 million. During the same quarter last year, the firm earned $0.38 earnings per share. On average, equities research analysts anticipate that GasLog Partners will post 1.54 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLOP. Lonestar Capital Management LLC grew its holdings in shares of GasLog Partners by 204.0% during the 4th quarter. Lonestar Capital Management LLC now owns 1,006,752 shares of the shipping company’s stock worth $4,289,000 after purchasing an additional 675,583 shares during the period. Renaissance Technologies LLC raised its position in GasLog Partners by 103.3% in the 4th quarter. Renaissance Technologies LLC now owns 491,511 shares of the shipping company’s stock valued at $2,094,000 after purchasing an additional 249,800 shares in the last quarter. Marshall Wace LLP raised its position in shares of GasLog Partners by 49.2% during the 4th quarter. Marshall Wace LLP now owns 718,826 shares of the shipping company’s stock worth $3,064,000 after acquiring an additional 236,908 shares in the last quarter. Forager Funds Management Pty Ltd acquired a new stake in shares of GasLog Partners during the 4th quarter worth about $821,000. Finally, Bank of America Corp DE acquired a new stake in shares of GasLog Partners during the 4th quarter worth about $499,000. Institutional investors and hedge funds own 11.90% of the company’s stock.

About GasLog Partners (Get Rating)

GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers under multi-year charters. As of February 24, 2022, it operated a fleet of 15 LNG carriers. The company was founded in 2014 and is based in Piraeus, Greece.

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