Zacks: Analysts Anticipate GasLog Partners LP Unit (NYSE:GLOP) Will Announce Quarterly Sales of $88.22 Million

Analysts expect that GasLog Partners LP Unit (NYSE:GLOP) will report sales of $88.22 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for GasLog Partners LP Unit’s earnings. The highest sales estimate is $91.67 million and the lowest is $81.00 million. GasLog Partners LP Unit reported sales of $86.33 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next earnings report on Thursday, April 23rd.

On average, analysts expect that GasLog Partners LP Unit will report full year sales of $343.13 million for the current fiscal year, with estimates ranging from $323.00 million to $368.57 million. For the next fiscal year, analysts anticipate that the business will post sales of $325.42 million, with estimates ranging from $299.86 million to $341.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings results on Thursday, February 6th. The shipping company reported ($2.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($2.86). GasLog Partners LP Unit had a negative net margin of 12.13% and a positive return on equity of 13.13%. The business had revenue of $96.51 million during the quarter, compared to analyst estimates of $96.73 million. During the same quarter last year, the company posted $0.30 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis.

Several equities analysts recently commented on GLOP shares. Pareto Securities upgraded shares of GasLog Partners LP Unit to a “hold” rating in a research note on Tuesday, March 31st. ValuEngine cut shares of GasLog Partners LP Unit from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Citigroup cut shares of GasLog Partners LP Unit from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $6.50 in a research report on Friday, February 7th. Jefferies Financial Group cut shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research report on Thursday, February 6th. Finally, B. Riley cut shares of GasLog Partners LP Unit from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $7.00 in a research report on Friday, February 7th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. GasLog Partners LP Unit currently has a consensus rating of “Hold” and an average target price of $13.21.

Shares of GLOP stock traded down $0.05 on Tuesday, hitting $2.04. The company’s stock had a trading volume of 492,338 shares, compared to its average volume of 925,814. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.57 and a current ratio of 0.59. The stock’s 50 day moving average is $2.88 and its 200-day moving average is $12.56. GasLog Partners LP Unit has a fifty-two week low of $1.51 and a fifty-two week high of $22.75. The company has a market capitalization of $100.67 million, a PE ratio of -1.45 and a beta of 1.84.

Several hedge funds have recently bought and sold shares of the company. F&V Capital Management LLC bought a new position in shares of GasLog Partners LP Unit in the first quarter worth about $80,000. Sunbelt Securities Inc. bought a new position in shares of GasLog Partners LP Unit in the fourth quarter worth about $28,823,000. Advisors Asset Management Inc. lifted its holdings in shares of GasLog Partners LP Unit by 115.0% in the fourth quarter. Advisors Asset Management Inc. now owns 49,363 shares of the shipping company’s stock worth $772,000 after acquiring an additional 26,408 shares during the last quarter. Marshall Wace LLP bought a new position in shares of GasLog Partners LP Unit in the fourth quarter worth about $1,839,000. Finally, Marshall Wace North America L.P. raised its holdings in GasLog Partners LP Unit by 60,138.8% in the 4th quarter. Marshall Wace North America L.P. now owns 203,607 shares of the shipping company’s stock valued at $3,185,000 after buying an additional 203,269 shares during the last quarter. 37.26% of the stock is owned by hedge funds and other institutional investors.

GasLog Partners LP Unit Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

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