Is GasLog Partners LP (NYSE: GLOP) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for GasLog Partners LP (GLOP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0699, or -0.82%, to $8.4101. The GasLog Partners LP has recorded 502 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that GasLog Partners LP Reports Financial Results for the Three-Month Period Ended March 31, 2023 and Declares Cash Distribution.

Stocks Info

GLOP belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $8.48 and fluctuated between $8.49 as its day high and $8.47 as its day low. The current market capitalization of GasLog Partners LP is $438.84M. A total of 0.57 million shares were traded on the day, compared to an average of 480.08K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. GasLog Partners LP pays an annual dividend of $0.04, resulting in a dividend yield of 0.47%, and it has a price to earnings (P/E) ratio of 4.94. GLOP’s most recent ex-dividend date was 5/5/2023 when it declared a $0.01 quarterly dividend that was paid in cash on 5/11/2023. Previously, the company paid the dividend on 2/9/2023 with an ex-dividend date of 2/3/2023. The GLOP stock dividend was $0.01 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GLOP in the last 3 months, the mean price target is $8.73 with high estimates of $9.50 and low estimates of $7.70. In terms of 52-week highs and lows, GLOP has a high of $9.27 and a low of $4.60.

As of this writing, GLOP has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.45. The company reported an EPS of $0.74 in the last quarter, which was 2.80% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GLOP’s latest balance sheet shows that the firm has $145.53M in Cash & Short Term Investments as of fiscal 2021. There were $1.14B in debt and $175.50M in liabilities at the time. Its Book Value Per Share was $12.94, while its Total Shareholder’s Equity was $919.50M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLOP is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.