GasLog Partners (NYSE:GLOP) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of GasLog Partners (NYSE:GLOP – Get Rating) in a research note released on Thursday. The brokerage issued a buy rating on the shipping company’s stock.

Separately, TheStreet upgraded GasLog Partners from a c rating to a b- rating in a research report on Friday, January 27th.

GasLog Partners Stock Performance

NYSE:GLOP opened at $8.15 on Thursday. The stock has a market cap of $430.32 million, a P/E ratio of 4.68 and a beta of 2.41. The stock has a 50 day simple moving average of $8.15 and a 200 day simple moving average of $7.34. The company has a current ratio of 1.37, a quick ratio of 1.35 and a debt-to-equity ratio of 1.22. GasLog Partners has a 1-year low of $4.30 and a 1-year high of $9.27.

GasLog Partners (NYSE:GLOP – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The shipping company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $104.97 million during the quarter, compared to analysts’ expectations of $98.30 million. GasLog Partners had a return on equity of 20.69% and a net margin of 30.19%. Research analysts anticipate that GasLog Partners will post 2.11 earnings per share for the current year.

GasLog Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 9th. Investors of record on Monday, February 6th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, February 3rd. GasLog Partners’s payout ratio is 2.30%.

Institutional Trading of GasLog Partners

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dorsey Wright & Associates purchased a new stake in shares of GasLog Partners in the fourth quarter worth $27,000. Citigroup Inc. purchased a new position in shares of GasLog Partners in the first quarter worth about $38,000. Bank of America Corp DE increased its holdings in shares of GasLog Partners by 165.9% in the fourth quarter. Bank of America Corp DE now owns 7,977 shares of the shipping company’s stock worth $53,000 after buying an additional 4,977 shares during the period. Navellier & Associates Inc. purchased a new position in shares of GasLog Partners in the second quarter worth about $58,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of GasLog Partners in the first quarter worth about $58,000. 12.32% of the stock is owned by hedge funds and other institutional investors.

GasLog Partners Company Profile

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GasLog Partners LP engages in the operation and acquisition of liquefied natural gas carriers. It owns bareboat fleet of LNG carriers including tri-fuel diesel electric engine propulsion and stream vessels, and ships which operates under long-term time charters. The company was founded on January 23, 2014 and is headquartered in Piraeus, Greece.