Analysts Offer Predictions for GasLog Partners LP Unit’s Q4 2018 Earnings (NYSE:GLOP)

GasLog Partners LP Unit (NYSE:GLOP) – Jefferies Financial Group lifted their Q4 2018 earnings estimates for shares of GasLog Partners LP Unit in a research note issued on Thursday, October 25th, Zacks Investment Research reports. Jefferies Financial Group analyst R. Giveans now anticipates that the shipping company will post earnings of $0.46 per share for the quarter, up from their prior forecast of $0.36. Jefferies Financial Group also issued estimates for GasLog Partners LP Unit’s FY2019 earnings at $1.80 EPS.

GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings data on Thursday, October 25th. The shipping company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. GasLog Partners LP Unit had a net margin of 33.57% and a return on equity of 13.09%. The business had revenue of $81.89 million during the quarter, compared to analyst estimates of $81.68 million.

A number of other brokerages have also recently weighed in on GLOP. Berenberg Bank initiated coverage on shares of GasLog Partners LP Unit in a report on Thursday, September 6th. They issued a “buy” rating and a $29.00 price objective on the stock. B. Riley initiated coverage on shares of GasLog Partners LP Unit in a report on Wednesday, September 5th. They issued a “neutral” rating and a $27.00 price objective on the stock. Morgan Stanley cut their price objective on shares of GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating on the stock in a report on Monday. Zacks Investment Research upgraded shares of GasLog Partners LP Unit from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, October 23rd. Finally, ValuEngine upgraded shares of GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.44.

GLOP stock traded up $0.87 during trading on Monday, reaching $23.66. The company had a trading volume of 97,952 shares, compared to its average volume of 123,176. GasLog Partners LP Unit has a 52 week low of $21.85 and a 52 week high of $25.99. The company has a market cap of $934.44 million, a P/E ratio of 11.32 and a beta of 1.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.31 and a quick ratio of 1.29.

Several large investors have recently bought and sold shares of GLOP. Barnett & Company Inc. grew its holdings in shares of GasLog Partners LP Unit by 109.8% during the third quarter. Barnett & Company Inc. now owns 4,720 shares of the shipping company’s stock valued at $118,000 after buying an additional 2,470 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of GasLog Partners LP Unit during the first quarter valued at approximately $129,000. First Republic Investment Management Inc. purchased a new stake in shares of GasLog Partners LP Unit during the third quarter valued at approximately $206,000. Captrust Financial Advisors purchased a new stake in shares of GasLog Partners LP Unit during the second quarter valued at approximately $213,000. Finally, California Public Employees Retirement System purchased a new stake in shares of GasLog Partners LP Unit during the second quarter valued at approximately $322,000. Hedge funds and other institutional investors own 47.48% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, November 5th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date was Friday, November 2nd. GasLog Partners LP Unit’s payout ratio is 101.44%.

About GasLog Partners LP Unit

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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