GasLog Partners (NYSE:GLOP) Now Covered by Analysts at StockNews.com

Posted by on Jun 23rd, 2023

Equities research analysts at StockNews.com assumed coverage on shares of GasLog Partners (NYSE:GLOP – Get Rating) in a research report issued on Friday. The brokerage set a “buy” rating on the shipping company’s stock.

GasLog Partners Price Performance

Shares of NYSE:GLOP opened at $8.60 on Friday. The company has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.09. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.82. GasLog Partners has a twelve month low of $4.70 and a twelve month high of $9.27. The firm has a market capitalization of $464.22 million, a PE ratio of 4.86 and a beta of 2.40.

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

Hedge Funds Weigh In On GasLog Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLOP. Citigroup Inc. purchased a new position in shares of GasLog Partners in the 1st quarter valued at approximately $38,000. Renaissance Technologies LLC boosted its position in shares of GasLog Partners by 41.5% in the first quarter. Renaissance Technologies LLC now owns 695,411 shares of the shipping company’s stock worth $3,999,000 after buying an additional 203,900 shares during the period. UBS Group AG lifted its stake in shares of GasLog Partners by 401.9% in the first quarter. UBS Group AG now owns 80,227 shares of the shipping company’s stock worth $462,000 after acquiring an additional 64,242 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in GasLog Partners during the first quarter valued at approximately $58,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of GasLog Partners during the 1st quarter worth approximately $314,000. Institutional investors and hedge funds 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.

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