Morgan Stanley Maintains GasLog Partners LP to Overweight with Price Target $20.00

Brokerage firm Morgan Stanley Maintains its rating on GasLog Partners LP(NYSE:GLOP). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Overweight. The rating by Morgan Stanley was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Citigroup said it Maintains its rating on GasLog Partners LP. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Credit Suisse said it Maintains its rating on GasLog Partners LP. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Outperform’ by the firm.

GasLog Partners LP (GLOP) made into the market gainers list on Mondays trading session with the shares advancing 0.58% or 0.11 points. Due to strong positive momentum, the stock ended at $19.01, which is also near the day’s high of $19.44. The stock began the session at $19.24 and the volume stood at 2,10,783 shares. The 52-week high of the shares is $22 and the 52 week low is $9.57. The company has a current market capitalization of $602 M and it has 3,16,44,716 shares in outstanding.

GasLog Partners LP(GLOP) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $49.64M. Analysts had an estimated revenue of $48.94M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.50.

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.

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