GasLog Partners (GLOP) Receives a Hold from B.Riley FBR


B.Riley FBR analyst Liam Burke maintained a Hold rating on GasLog Partners (GLOP) today and set a price target of $7.00. The company’s shares closed last Monday at $5.38.

According to TipRanks.com, Burke ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.3% and a 38.7% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Matthews International, LiqTech International, and Koppers Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for GasLog Partners with a $4.94 average price target, representing a -9.4% downside. In a report issued on April 30, BTIG also downgraded the stock to Hold with a $7.00 price target.

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Based on GasLog Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $96.51 million and GAAP net loss of $106 million. In comparison, last year the company earned revenue of $97.85 million and had a net profit of $20.42 million.

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GasLog Partners LP engages in the owning, operating, and acquiring of liquefied natural gas carriers. The company was founded on January 23, 2014 and is headquartered in Monaco.

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