GasLog Partners (NYSE:GLOP) Announces Earnings Results, Beats Expectations By $0.05 EPS

GasLog Partners (NYSE:GLOP) posted its quarterly earnings results on Sunday. The shipping company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. GasLog Partners had a positive return on equity of 13.38% and a negative net margin of 23.09%.

Shares of GasLog Partners stock traded up $0.01 during trading on Tuesday, reaching $3.44. 5,124 shares of the company’s stock were exchanged, compared to its average volume of 519,197. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.57 and a current ratio of 0.59. GasLog Partners has a 1-year low of $1.51 and a 1-year high of $7.42. The company has a market cap of $169.76 million, a P/E ratio of -1.57 and a beta of 2.84. The firm’s 50-day moving average price is $3.43 and its 200 day moving average price is $3.36.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.16%. GasLog Partners’s dividend payout ratio (DPR) is currently 2.20%.

Several analysts recently issued reports on the company. B. Riley restated a “neutral” rating and issued a $3.75 price target (up from $3.25) on shares of GasLog Partners in a research note on Tuesday. Zacks Investment Research cut GasLog Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 11th. Finally, Jefferies Financial Group lifted their price objective on GasLog Partners from $3.25 to $4.00 and gave the company a “hold” rating in a report on Friday, January 29th. Seven analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $4.79.

GasLog Partners Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of August 5, 2020, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Piraeus, Greece.

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Earnings History for GasLog Partners (NYSE:GLOP)

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