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GasLog Partners LP (NYSE: GLOP) Forecast To Gain 12.54% And Reach Consensus Price Target

GasLog Partners LP (NYSE:GLOP) has a beta value of 2.41 and has seen 2.19 million shares traded in the recent trading session. The company, currently valued at $357.10M, closed the recent trade at $8.02 per share which meant it gained $1.04 on the day or 14.90% during that session. The GLOP stock price is -6.61% off its 52-week high price of $8.55 and 59.6% above the 52-week low of $3.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.22 million shares traded. The 3-month trading volume is 315.77K shares.

GasLog Partners LP (NYSE:GLOP) trade information

Sporting 14.90% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the GLOP stock price touched $8.02 or saw a rise of 1.6%. Year-to-date, GasLog Partners LP shares have moved 4.80%, while the 5-day performance has seen it change 4.33%. Over the past 30 days, the shares of GasLog Partners LP (NYSE:GLOP) have changed 1.75%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 0.68.

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Wall Street analysts have a consensus price target for the stock at $9.17, which means that the shares’ value could jump 12.54% from the levels at last check today. The projected low price target is $9.00 while the price target rests at a high of $9.50. In that case, then, we find that the latest price level in today’s session is -18.45% off the targeted high while a plunge would see the stock gain -12.22% from the levels at last check today.

GasLog Partners LP (GLOP) estimates and forecasts

Figures show that GasLog Partners LP shares have outperformed across the wider relevant industry. The company’s shares have gained 24.20% over the past 6 months, with this year growth rate of 53.96%, compared to 12.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 51.10% and 2.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.50%.

2 analysts offering their estimates for the company have set an average revenue estimate of $95.7 million for the current quarter. 1 have an estimated revenue figure of $88.9 million for the next quarter concluding in Mar 2023. Year-ago sales stood $88.17 million and $85.46 million respectively for this quarter and the next, and analysts expect sales will grow by 8.50% for the current quarter and 4.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.30% over the past 5 years. Earnings growth for 2023 is a modest -190.40% while over the next 5 years, the company’s earnings are expected to decrease by -11.10%.

GLOP Dividends

GasLog Partners LP is expected to release its next earnings report on January 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.57%. The company’s dividend yield has gone up over the past 12 months.

GasLog Partners LP (NYSE:GLOP)’s Major holders

Insiders own 29.66% of the company shares, while shares held by institutions stand at 24.23% with a share float percentage of 34.45%. Investors are also buoyed by the number of investors in a company, with GasLog Partners LP having a total of 56 institutions that hold shares in the company. The top two institutional holders are Invesco Ltd. with over 2.37 million shares worth more than $13.13 million. As of Jun 29, 2022, Invesco Ltd. held 4.63% of shares outstanding.

The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 1.02 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $5.67 million and represent 2.00% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Invesco Steelpath MLP Income Fund and Invesco Steelpath MLP Select 40 Fund. As of May 30, 2022, the former fund manager holds about 2.31% shares in the company for having 1.18 million shares of worth $6.26 million while later fund manager owns 1.18 million shares of worth $6.26 million as of May 30, 2022, which makes it owner of about 2.31% of company’s outstanding stock.

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