Brokerages Anticipate GasLog Partners LP Unit (GLOP) Will Post Quarterly Sales of $79.98 Million

Equities research analysts forecast that GasLog Partners LP Unit (NYSE:GLOP) will report sales of $79.98 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for GasLog Partners LP Unit’s earnings, with the lowest sales estimate coming in at $76.00 million and the highest estimate coming in at $81.68 million. GasLog Partners LP Unit reported sales of $73.44 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The firm is scheduled to announce its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that GasLog Partners LP Unit will report full-year sales of $315.13 million for the current fiscal year, with estimates ranging from $302.00 million to $329.10 million. For the next financial year, analysts anticipate that the company will report sales of $345.67 million per share, with estimates ranging from $300.00 million to $381.34 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last posted its earnings results on Thursday, July 26th. The shipping company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. GasLog Partners LP Unit had a net margin of 33.85% and a return on equity of 13.26%. The company had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $74.87 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. GasLog Partners LP Unit’s revenue for the quarter was down 10.0% compared to the same quarter last year.



A number of research firms recently commented on GLOP. BTIG Research began coverage on shares of GasLog Partners LP Unit in a research report on Wednesday, July 18th. They set a “buy” rating and a $30.00 target price for the company. Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. ValuEngine cut shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. B. Riley began coverage on shares of GasLog Partners LP Unit in a research report on Thursday, May 17th. They set a “hold” rating and a $26.00 target price for the company. Finally, Citigroup decreased their target price on shares of GasLog Partners LP Unit from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.71.

NYSE:GLOP traded up $0.70 during midday trading on Friday, reaching $25.15. 162,141 shares of the stock traded hands, compared to its average volume of 135,466. GasLog Partners LP Unit has a 12-month low of $21.85 and a 12-month high of $25.55. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.06 and a beta of 1.33.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Monday, August 6th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.43%. GasLog Partners LP Unit’s dividend payout ratio is currently 101.44%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Global Advisors LLC raised its holdings in shares of GasLog Partners LP Unit by 5.0% in the first quarter. Eagle Global Advisors LLC now owns 1,021,700 shares of the shipping company’s stock worth $23,806,000 after buying an additional 48,900 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of GasLog Partners LP Unit by 22.1% in the first quarter. Global X Management Co. LLC now owns 654,021 shares of the shipping company’s stock worth $15,239,000 after buying an additional 118,561 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of GasLog Partners LP Unit by 5.4% in the first quarter. Evergreen Capital Management LLC now owns 189,484 shares of the shipping company’s stock worth $4,415,000 after buying an additional 9,725 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of GasLog Partners LP Unit by 8.8% in the first quarter. Wells Fargo & Company MN now owns 188,851 shares of the shipping company’s stock worth $4,400,000 after buying an additional 15,266 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of GasLog Partners LP Unit by 5.7% in the first quarter. Guggenheim Capital LLC now owns 166,004 shares of the shipping company’s stock worth $3,868,000 after buying an additional 8,888 shares during the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

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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