GasLog Partners LP (NYSE:GLOP) shares traded unchanged at $8.63 on Wall Street last session.
In accordance with the data, 3 analysts cover 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 $8.65, we find $9.00. Given the previous closing price of $8.63, this indicates a potential upside of 4.29 percent. GLOP stock price is now 1.01% away from the 50-day moving average and 9.69% away from the 200-day moving average. The market capitalization of the company currently stands at $446.60M.
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It has been rated a hold by 3 analysts and a buy by 0. Brokers who have rated the stock have averaged $9.05 as their price target over the next twelve months.
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 SYQUANT CAPITAL SAS during the first quarter worth $8,499,000. P SCHOENFELD ASSET MANAGEMENT LP invested $6,415,000 in shares of GLOP during the first quarter. In the first quarter, CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. acquired a new stake in GasLog Partners LP valued at approximately $4,205,000. FIFTH LANE CAPITAL, LP acquired a new stake in GLOP for approximately $815,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in GLOP valued at around $656,000 in the second quarter. In total, there are 70 active investors with 23.60% ownership of the company’s stock.
GasLog Partners LP (NYSE: GLOP) opened at $8.63 on Monday. During the past 12 months, GasLog Partners LP has had a low of $4.70 and a high of $9.27. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for GLOP is $8.55 and a two-hundred day moving average price translates $7.88 for the stock.
The latest earnings results from GasLog Partners LP (NYSE: GLOP) was released for Mar, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.62, beating analysts’ expectations of $0.46 by 0.16. This compares to $0.52 EPS in the same period last year. The net profit margin was 24.60% and return on equity was 14.50% for GLOP. The company reported revenue of $99.07 million for the quarter, compared to $85.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.93 percent. For the current quarter, analysts expect GLOP to generate $89.82M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 07/10/2023 were paid a $3.28 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.46% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, GLOP is presently at 2.20%.
GasLog Partners LP(GLOP) Company Profile
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.
