GasLog Partners LP (NYSE:GLOP) to Post Q1 2022 Earnings of $0.42 Per Share, Jefferies Financial Group Forecasts

GasLog Partners LP (NYSE:GLOPGet Rating) – Investment analysts at Jefferies Financial Group increased their Q1 2022 earnings estimates for shares of GasLog Partners in a note issued to investors on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.39. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for GasLog Partners’ Q3 2022 earnings at $0.56 EPS and Q4 2022 earnings at $0.77 EPS.

Several other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of GasLog Partners from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. Zacks Investment Research downgraded shares of GasLog Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 26th. Finally, TheStreet upgraded shares of GasLog Partners from a “d+” rating to a “c-” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.08.

Shares of NYSE GLOP opened at $5.14 on Friday. The firm’s 50-day simple moving average is $4.73 and its 200 day simple moving average is $4.63. The company has a market cap of $271.38 million, a price-to-earnings ratio of -12.24 and a beta of 2.73. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 1.67. GasLog Partners has a 12-month low of $2.81 and a 12-month high of $6.15.

GasLog Partners (NYSE:GLOPGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. GasLog Partners had a negative net margin of 0.57% and a positive return on equity of 14.11%. During the same quarter in the prior year, the business posted $0.50 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Monday, May 9th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.04 annualized dividend and a yield of 0.78%. GasLog Partners’s dividend payout ratio is currently -9.52%.

A number of large investors have recently made changes to their positions in the business. Lonestar Capital Management LLC raised its holdings in 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 last quarter. Marshall Wace LLP increased its stake in shares of GasLog Partners by 49.2% in the 4th quarter. Marshall Wace LLP now owns 718,826 shares of the shipping company’s stock valued at $3,064,000 after acquiring an additional 236,908 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 249,800 shares during the last quarter. Forager Funds Management Pty Ltd increased its stake in shares of GasLog Partners by 101.3% in the 1st quarter. Forager Funds Management Pty Ltd now owns 282,192 shares of the shipping company’s stock valued at $1,623,000 after acquiring an additional 142,023 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of GasLog Partners by 6.7% in the 1st quarter. First Trust Advisors LP now owns 227,900 shares of the shipping company’s stock valued at $5,157,000 after acquiring an additional 14,258 shares during the last quarter. 11.90% of the stock is owned by hedge funds and other institutional investors.

GasLog Partners Company Profile (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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