The price of GasLog Partners LP (NYSE:GLOP) shares last traded on Wall Street fell -1.42% to $8.31.
Based on available information, 3 analysts follow GasLog Partners LP (NYSE:GLOP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.50 and a low of $7.70, we find $9.00. Given the previous closing price of $8.43, this indicates a potential upside of 6.76 percent. GLOP stock price is now 5.08% away from the 50-day moving average and 22.53% away from the 200-day moving average. The market capitalization of the company currently stands at $429.96M.
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Among analysts, 3 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $8.73 as their price target over the next twelve months.
On October 22, 2021, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $5 to quote $6.50, while ‘Barclays’ rates the stock as ‘Underweight’.
A total of 30.22% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLOP stock. A new stake in GasLog Partners LP shares was purchased by MAXI INVESTMENTS CY LTD during the first quarter worth $1,994,000. MARSHALL WACE, LLP invested $1,032,000 in shares of GLOP during the first quarter. In the first quarter, Y-INTERCEPT (HONG KONG) LTD acquired a new stake in GasLog Partners LP valued at approximately $345,000. NEWEDGE ADVISORS, LLC acquired a new stake in GLOP for approximately $340,000. BBR PARTNERS, LLC purchased a new stake in GLOP valued at around $249,000 in the second quarter. In total, there are 62 active investors with 23.60% ownership of the company’s stock.
A candlestick chart of GasLog Partners LP (NYSE: GLOP) showed a price of $8.22 on Monday morning. During the past 12 months, GasLog Partners LP has had a low of $3.89 and a high of $9.27. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for GLOP is $7.91 and a two-hundred day moving average price translates $6.78 for the stock.
The latest earnings results from GasLog Partners LP (NYSE: GLOP) was released for Dec, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $0.74, beating analysts’ expectations of $0.72 by 0.02. This compares to -$1.52 EPS in the same period last year. The net profit margin was 25.00% and return on equity was 14.80% for GLOP. The company reported revenue of $104.97 million for the quarter, compared to $88.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.06 percent. For the current quarter, analysts expect GLOP to generate $89.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/09/2023. Investors who held shares on 02/06/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.48% percent yield. There was an ex-dividend date of 02/03/2023 for this dividend. In terms of dividend payout ratio, GLOP is presently at 2.30%.
GasLog Partners LP(GLOP) Company Profile
GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers under multi-year charters. As of February 24, 2022, it operated a fleet of 15 LNG carriers. The company was founded in 2014 and is based in Piraeus, Greece.
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