GasLog Partners LP Unit (NYSE:GLOP)’s stock price was down 6.2% on Tuesday . The company traded as low as $15.40 and last traded at $15.51, approximately 598,688 shares traded hands during trading. An increase of 281% from the average daily volume of 156,974 shares. The stock had previously closed at $16.53.
A number of equities analysts recently weighed in on GLOP shares. TheStreet cut shares of GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Friday, October 18th. Barclays reaffirmed a “hold” rating and set a $22.00 price objective on shares of GasLog Partners LP Unit in a research report on Wednesday, October 16th. Finally, Fearnley Fonds cut shares of GasLog Partners LP Unit from a “reduce” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.67.
The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market cap of $805.00 million, a PE ratio of 8.81 and a beta of 0.99. The stock’s 50-day moving average is $19.11 and its two-hundred day moving average is $20.10.
GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings data on Wednesday, October 30th. The shipping company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). GasLog Partners LP Unit had a return on equity of 11.10% and a net margin of 22.63%. The company had revenue of $96.49 million for the quarter, compared to analysts’ expectations of $96.30 million. During the same period in the previous year, the business posted $0.49 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts forecast that GasLog Partners LP Unit will post 1.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, November 8th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 14.18%. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. GasLog Partners LP Unit’s dividend payout ratio (DPR) is currently 125.00%.
Hedge funds have recently modified their holdings of the business. Barnett & Company Inc. boosted its position in GasLog Partners LP Unit by 45.6% in the 2nd quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock valued at $136,000 after buying an additional 2,000 shares during the period. NEXT Financial Group Inc purchased a new position in GasLog Partners LP Unit in the 2nd quarter valued at approximately $207,000. Oppenheimer & Co. Inc. purchased a new position in GasLog Partners LP Unit in the 3rd quarter valued at approximately $340,000. Arrow Investment Advisors LLC purchased a new position in GasLog Partners LP Unit in the 2nd quarter valued at approximately $381,000. Finally, SCP Investment LP purchased a new position in GasLog Partners LP Unit in the 2nd quarter valued at approximately $416,000. 36.80% of the stock is owned by institutional investors.
GasLog Partners LP Unit Company Profile (NYSE:GLOP)
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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