GasLog Partners (GLOP) Scheduled to Post Earnings on Thursday

GasLog Partners (NYSE:GLOPGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 28th. Analysts expect GasLog Partners to post earnings of $0.32 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

GasLog Partners (NYSE:GLOPGet Rating) last released its quarterly earnings results on Thursday, April 28th. The shipping company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. GasLog Partners had a positive return on equity of 13.73% and a negative net margin of 0.69%. The company had revenue of $85.46 million during the quarter, compared to analysts’ expectations of $78.15 million. During the same period last year, the business posted $0.50 earnings per share. On average, analysts expect GasLog Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GasLog Partners Trading Down 3.1 %

GasLog Partners stock opened at $5.40 on Thursday. The stock has a 50-day moving average of $5.60 and a two-hundred day moving average of $4.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.89 and a current ratio of 0.91. GasLog Partners has a one year low of $3.24 and a one year high of $7.23. The stock has a market cap of $285.10 million, a PE ratio of -11.74 and a beta of 2.46.

GasLog Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Monday, May 9th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, May 6th. GasLog Partners’s dividend payout ratio (DPR) is presently -8.70%.

Wall Street Analysts Forecast Growth

GLOP has been the subject of several research analyst reports. TheStreet upgraded GasLog Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, April 27th. Jefferies Financial Group initiated coverage on GasLog Partners in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. Citigroup raised their price objective on GasLog Partners from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 24th. Finally, StockNews.com upgraded GasLog Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th.

Institutional Trading of GasLog Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in GasLog Partners by 41.5% during the first quarter. Renaissance Technologies LLC now owns 695,411 shares of the shipping company’s stock worth $3,999,000 after acquiring an additional 203,900 shares during the period. UBS Group AG grew its holdings in GasLog Partners by 401.9% during the first quarter. UBS Group AG now owns 80,227 shares of the shipping company’s stock worth $462,000 after acquiring an additional 64,242 shares during the period. Goldman Sachs Group Inc. acquired a new stake in GasLog Partners during the first quarter worth about $314,000. Atria Wealth Solutions Inc. acquired a new stake in GasLog Partners during the first quarter worth about $58,000. Finally, Citigroup Inc. acquired a new stake in GasLog Partners during the first quarter worth about $38,000. 22.64% of the stock is owned by institutional investors and hedge funds.

About GasLog Partners

(Get Rating)

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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Earnings History for GasLog Partners (NYSE:GLOP)

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