Revenue Update on GasLog Partners LP(NYSE:GLOP)

GasLog Partners LP(NYSE:GLOP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $49.64M. Analysts estimated a revenue of $48.94M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.50.

In a different note, 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) shares turned negative on Thursdays trading session with the shares closing down -0.082 points or -0.43% at a volume of 2,35,792. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.35. The peak price level was also seen at $19.35 while the days lowest was $18.85. Finally the shares closed at $18.94. The 52-week high of the shares is $22 while the 52-week low is $9.57. According to the latest information available, the market cap of the company is $599 M.

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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