GasLog Partners (NYSE:GLOP) Raised to C- at TheStreet

GasLog Partners (NYSE:GLOPGet Rating) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on GLOP. Jefferies Financial Group assumed coverage on shares of GasLog Partners in a research report on Wednesday. They set a “buy” rating on the stock. StockNews.com raised shares of GasLog Partners from a “hold” rating to a “buy” rating in a research note on Monday, April 11th. Finally, Zacks Investment Research lowered shares of GasLog Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 26th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.08.

GLOP opened at $5.14 on Wednesday. The company has a 50 day moving average of $4.73 and a 200 day moving average of $4.63. The company has a market cap of $271.38 million, a PE ratio of -12.24 and a beta of 2.73. GasLog Partners has a 12 month low of $2.81 and a 12 month high of $6.15. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67.

GasLog Partners (NYSE:GLOPGet Rating) last released its quarterly earnings data on Thursday, April 28th. The shipping company reported $0.41 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 period in the prior year, the firm posted $0.50 earnings per share. Research analysts forecast that GasLog Partners will post 1.54 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Eaton Vance Management increased its stake in GasLog Partners by 100.0% in the 4th quarter. Eaton Vance Management now owns 16,000 shares of the shipping company’s stock worth $34,000 after buying an additional 8,000 shares during the period. Capital Market Strategies LLC bought a new stake in shares of GasLog Partners in the 4th quarter valued at about $54,000. Roosevelt Investment Group LLC bought a new stake in shares of GasLog Partners in the 4th quarter valued at about $55,000. Schnieders Capital Management LLC acquired a new stake in GasLog Partners in the 1st quarter worth approximately $58,000. Finally, Privium Fund Management UK Ltd acquired a new stake in GasLog Partners in the 3rd quarter worth approximately $188,000. 11.90% of the stock is currently owned by 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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