Does GasLog Partners (NYSE:GLOP) Look Attractive Now? B.Riley FBR Initiates Coverage

May 18, 2018 - By Darrin Black

GasLog Partners LP (NYSE:GLOP) Logo

Why Has B.Riley FBR Given GasLog Partners (NYSE:GLOP) a $26.0000 Price Target

In an analyst note revealed on Thursday morning, research professionals at B.Riley FBR has initiated coverage for GasLog Partners (NYSE:GLOP) shares. The firm has decided to set a “Hold” rating along with a $26.0000, adding 9.01 % to the target.

GasLog Partners LP (NYSE:GLOP) Ratings Coverage

Among 2 analysts covering GasLog Partners (NYSE:GLOP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GasLog Partners has $28.0 highest and $25 lowest target. $26.50’s average target is 11.11% above currents $23.85 stock price. GasLog Partners had 2 analyst reports since December 18, 2017 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Monday, April 30. As per Monday, December 18, the company rating was initiated by Jefferies.

The stock decreased 1.24% or $0.3 during the last trading session, reaching $23.85. About 90,595 shares traded. GasLog Partners LP (NYSE:GLOP) has declined 1.90% since May 18, 2017 and is downtrending. It has underperformed by 13.45% the S&P500.

Analysts await GasLog Partners LP (NYSE:GLOP) to report earnings on July, 26. They expect $0.41 EPS, down 8.89 % or $0.04 from last year’s $0.45 per share. GLOP’s profit will be $17.93M for 14.54 P/E if the $0.41 EPS becomes a reality. After $0.59 actual EPS reported by GasLog Partners LP for the previous quarter, Wall Street now forecasts -30.51 % negative EPS growth.

GasLog Partners LP, a master limited partnership, focuses on owning, operating, and acquiring liquefied natural gas carriers under multi-year charters. The company has market cap of $1.04 billion. The firm has a fleet of nine LNG carriers with an average carrying capacity of approximately 149,500 cubic meters, each of which had a multi-year time charter. It has a 13.53 P/E ratio.

Another recent and important GasLog Partners LP (NYSE:GLOP) news was published by Seekingalpha.com which published an article titled: “GasLog’s (GLOP) CEO Andy Orekar on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018.

GasLog Partners LP (NYSE:GLOP) Ratings Chart

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