GasLog Partners (GLOP) to Release Quarterly Earnings on Thursday

GasLog Partners (NYSE:GLOP – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect GasLog Partners to post earnings of $0.72 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

GasLog Partners (NYSE:GLOP – Get Rating) last posted its earnings results on Thursday, October 27th. The shipping company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.36. The company had revenue of $95.68 million for the quarter, compared to analyst estimates of $75.19 million. GasLog Partners had a net margin of 0.19% and a return on equity of 18.83%. On average, analysts expect GasLog Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GasLog Partners Price Performance

Shares of NYSE GLOP opened at $6.98 on Wednesday. The company has a market capitalization of $368.52 million, a P/E ratio of -17.45 and a beta of 2.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.29 and a quick ratio of 1.27. The company has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $6.57. GasLog Partners has a 1 year low of $3.24 and a 1 year high of $8.55.

Institutional Investors Weigh In On GasLog Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in GasLog Partners by 46.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,021,311 shares of the shipping company’s stock valued at $5,668,000 after purchasing an additional 325,900 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of GasLog Partners by 6.3% in the third quarter. Cubist Systematic Strategies LLC now owns 93,442 shares of the shipping company’s stock valued at $482,000 after buying an additional 5,511 shares in the last quarter. UBS Group AG grew its stake in shares of GasLog Partners by 401.9% in the first quarter. UBS Group AG now owns 80,227 shares of the shipping company’s stock valued at $462,000 after buying an additional 64,242 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of GasLog Partners in the 1st quarter valued at $314,000. Finally, Occudo Quantitative Strategies LP lifted its stake in GasLog Partners by 43.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 56,445 shares of the shipping company’s stock worth $313,000 after acquiring an additional 17,092 shares in the last quarter. 12.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 28th.

About GasLog Partners

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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.