GasLog Partners LP Unit (NYSE:GLOP) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,220,000 shares, a growth of 8.0% from the January 15th total of 1,130,000 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 325,100 shares, the short-interest ratio is presently 3.8 days.
Several equities analysts recently commented on GLOP shares. Evercore ISI downgraded shares of GasLog Partners LP Unit from an “outperform” rating to an “underperform” rating and cut their price target for the company from $24.00 to $11.00 in a report on Thursday, January 23rd. ValuEngine upgraded shares of GasLog Partners LP Unit from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. TheStreet downgraded shares of GasLog Partners LP Unit from a “c” rating to a “d+” rating in a report on Wednesday. Jefferies Financial Group downgraded shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Thursday, February 6th. Finally, Fearnley Fonds cut shares of GasLog Partners LP Unit from a “reduce” rating to a “sell” rating in a research report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.21.
A number of institutional investors have recently added to or reduced their stakes in GLOP. Barclays PLC lifted its position in shares of GasLog Partners LP Unit by 10.3% in the 3rd quarter. Barclays PLC now owns 7,382 shares of the shipping company’s stock worth $140,000 after purchasing an additional 687 shares during the period. Citigroup Inc. lifted its position in shares of GasLog Partners LP Unit by 36.9% in the 4th quarter. Citigroup Inc. now owns 13,490 shares of the shipping company’s stock worth $211,000 after purchasing an additional 3,635 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of GasLog Partners LP Unit in the 3rd quarter worth approximately $340,000. Millennium Management LLC purchased a new stake in shares of GasLog Partners LP Unit in the 3rd quarter worth approximately $345,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of GasLog Partners LP Unit in the 4th quarter worth approximately $347,000. 36.46% of the stock is owned by institutional investors.
GasLog Partners LP Unit stock traded down $0.79 during trading hours on Friday, hitting $4.45. The company had a trading volume of 2,274,716 shares, compared to its average volume of 1,007,410. The firm has a market cap of $247.22 million, a P/E ratio of -3.16 and a beta of 0.98. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.57 and a current ratio of 0.59. GasLog Partners LP Unit has a 1 year low of $4.41 and a 1 year high of $23.38. The company has a 50-day moving average price of $12.25 and a two-hundred day moving average price of $16.77.
GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings data on Thursday, February 6th. The shipping company reported ($2.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($2.86). The company had revenue of $96.51 million during the quarter, compared to analysts’ expectations of $96.73 million. GasLog Partners LP Unit had a negative net margin of 12.13% and a positive return on equity of 13.13%. GasLog Partners LP Unit’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that GasLog Partners LP Unit will post 1.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 18th will be given a $0.561 dividend. This represents a $2.24 annualized dividend and a yield of 50.43%. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, February 14th. GasLog Partners LP Unit’s payout ratio is 120.88%.
GasLog Partners LP Unit Company Profile
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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