GasLog Partners (NYSE:GLOP) Receives New Coverage from Analysts at StockNews.com

Posted by on Jun 15th, 2023

Equities researchers at StockNews.com initiated coverage on shares of GasLog Partners (NYSE:GLOP – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the shipping company’s stock.

GasLog Partners Stock Performance

Shares of NYSE GLOP opened at $8.58 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.98. GasLog Partners has a one year low of $4.70 and a one year high of $9.27. The business’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.07. The company has a market capitalization of $463.43 million, a P/E ratio of 4.85 and a beta of 2.40.

GasLog Partners (NYSE:GLOP – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The shipping company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.46 by $0.16. The business had revenue of $99.07 million during the quarter, compared to analysts’ expectations of $88.76 million. GasLog Partners had a return on equity of 21.63% and a net margin of 29.49%. Analysts anticipate that GasLog Partners will post 2.24 earnings per share for the current fiscal year.

Institutional Trading of GasLog Partners

Several large investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. bought a new position in shares of GasLog Partners in the 1st quarter valued at approximately $58,000. Bank of America Corp DE raised its position in shares of GasLog Partners by 165.9% in the fourth quarter. Bank of America Corp DE now owns 7,977 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 4,977 shares during the period. Citigroup Inc. acquired a new stake in shares of GasLog Partners in the first quarter worth $38,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of GasLog Partners during the 1st quarter worth $4,102,000. Finally, Acadian Asset Management LLC grew its stake in GasLog Partners by 15.9% in the 1st quarter. Acadian Asset Management LLC now owns 745,425 shares of the shipping company’s stock valued at $6,275,000 after buying an additional 102,347 shares during the last quarter. Institutional investors own 12.32% of the company’s stock.

About GasLog Partners

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GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers provides LNG transportation services worldwide. As of February 28, 2023, it operated a fleet of 14 LNG carriers. The company was founded in 2014 and is based in Piraeus, Greece.

Further Reading

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