GasLog Partners LP (GLOP) is Initiated by Stifel to Buy, Price Target at $24

GasLog Partners LP (GLOP) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $24. Stifel advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on GasLog Partners LP. Stifel Initiated GasLog Partners LP on Nov 21, 2016 to “Buy”, Price Target of the shares are set at $24.GasLog Partners LP was Downgraded by Morgan Stanley to ” Equal-Weight” on Nov 2, 2016. GasLog Partners LP was Upgraded by Wells Fargo to ” Outperform” on Sep 9, 2016.

On the company’s financial health, GasLog Partners LP reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.55. The company had revenue of $51.45 million for the quarter, compared to analysts expectations of $51.34 million. During the same quarter in the previous year, the company posted $0.60 EPS.

GasLog Partners LP closed down -0.15 points or -0.75% at $19.75 with 98,065 shares getting traded on Monday. Post opening the session at $19.95, the shares hit an intraday low of $19.7 and an intraday high of $20.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

GasLog Partners LP is a limited partnership. The Company is formed to own operate and acquire liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. The Company’s initial fleet will consist of GasLog Shanghai GasLog Santiago and GasLog Sydney. It generates revenues by charging customers for the transportation of their LNG using its LNG carriers.

GasLog Partners LP

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