Analysts expect that GasLog Partners LP Unit (NYSE:GLOP) will announce $76.03 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for GasLog Partners LP Unit’s earnings, with estimates ranging from $73.23 million to $78.20 million. GasLog Partners LP Unit posted sales of $65.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that GasLog Partners LP Unit will report full year sales of $316.18 million for the current fiscal year, with estimates ranging from $302.00 million to $329.10 million. For the next financial year, analysts forecast that the company will post sales of $346.25 million per share, with estimates ranging from $300.00 million to $386.33 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last announced its earnings results on Friday, April 27th. The shipping company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.10. GasLog Partners LP Unit had a net margin of 35.17% and a return on equity of 13.63%. The business had revenue of $77.06 million for the quarter, compared to the consensus estimate of $76.68 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis.

Several equities research analysts have recently weighed in on GLOP shares. Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Monday, April 2nd. ValuEngine downgraded shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Citigroup reduced their target price on shares of GasLog Partners LP Unit from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 30th. Finally, B. Riley started coverage on shares of GasLog Partners LP Unit in a research note on Thursday, May 17th. They issued a “hold” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.17.

Shares of GLOP traded up $0.10 during midday trading on Thursday, hitting $24.40. The stock had a trading volume of 122,090 shares, compared to its average volume of 142,511. GasLog Partners LP Unit has a 1 year low of $21.85 and a 1 year high of $25.55. The company has a market cap of $996.35 million, a P/E ratio of 11.35 and a beta of 1.32. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 1.26.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in GasLog Partners LP Unit in the 1st quarter worth about $129,000. Arrowstreet Capital Limited Partnership purchased a new position in GasLog Partners LP Unit in the 4th quarter worth about $233,000. Citigroup Inc. increased its stake in GasLog Partners LP Unit by 76.8% in the 1st quarter. Citigroup Inc. now owns 10,872 shares of the shipping company’s stock worth $253,000 after buying an additional 4,721 shares during the period. IFP Advisors Inc increased its stake in GasLog Partners LP Unit by 114.8% in the 1st quarter. IFP Advisors Inc now owns 12,179 shares of the shipping company’s stock worth $284,000 after buying an additional 6,509 shares during the period. Finally, Financial Advocates Investment Management purchased a new position in GasLog Partners LP Unit in the 4th quarter worth about $301,000. 40.68% of the stock is currently owned by institutional investors.

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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