GasLog Partners (NYSE:GLOP) Coverage Initiated by Analysts at StockNews.com

Posted by on Jul 17th, 2023

Analysts at StockNews.com initiated coverage on shares of GasLog Partners (NYSE:GLOP – Get Free Report) in a report released on Monday. The brokerage set a “buy” rating on the shipping company’s stock.

GasLog Partners Trading Down 7.3 %

Shares of GLOP stock opened at $8.00 on Monday. The company’s fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $8.27. 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 1 year low of $4.70 and a 1 year high of $9.27. The stock has a market capitalization of $432.08 million, a price-to-earnings ratio of 4.52 and a beta of 2.35.

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

Institutional Trading of GasLog Partners

Several institutional investors have recently added to or reduced their stakes in GLOP. Syquant Capital Sas purchased a new stake in GasLog Partners in the second quarter worth about $8,489,000. Millennium Management LLC lifted its holdings in GasLog Partners by 1,769.1% in the fourth quarter. Millennium Management LLC now owns 1,038,078 shares of the shipping company’s stock worth $6,914,000 after buying an additional 982,539 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in GasLog Partners in the first quarter worth about $4,102,000. Bank of America Corp DE lifted its holdings in GasLog Partners by 4,274.5% in the first quarter. Bank of America Corp DE now owns 348,951 shares of the shipping company’s stock worth $2,938,000 after buying an additional 340,974 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in GasLog Partners by 46.9% in the second quarter. Renaissance Technologies LLC now owns 1,021,311 shares of the shipping company’s stock worth $5,668,000 after buying an additional 325,900 shares during the period. 12.32% of the stock is currently owned by hedge funds and other institutional investors.

GasLog Partners Company Profile

(Get Free Report)

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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