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GasLog Partners LP (GLOP) Stock Jumps 9.2%: Will It Continue to Soar?
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GasLog Partners LP shares ended the last trading session 9.2% higher at $5.59. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.6% gain over the past four weeks.
The sharp rise in LNG demand is a huge positive for the stock. Demand for LNG vessels is likely ro get stronger in the near future mainly due to the Russia-Ukraine war. This is likely to happen as European countries look for gas supplies outside Russia.
This company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -30%. Revenues are expected to be $78.15 million, down 10.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For GasLog Partners LP, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GLOP going forward to see if this recent jump can turn into more strength down the road.
GasLog Partners LP is a member of the Zacks Transportation - Shipping industry. One other stock in the same industry, SFL Corporation (SFL - Free Report) , finished the last trading session 2.5% higher at $10.29. SFL has returned 2.9% over the past month.
For SFL Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of +21.1% from what the company reported a year ago. SFL Corporation currently has a Zacks Rank of #4 (Sell).
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GasLog Partners LP (GLOP) Stock Jumps 9.2%: Will It Continue to Soar?
GasLog Partners LP shares ended the last trading session 9.2% higher at $5.59. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.6% gain over the past four weeks.
The sharp rise in LNG demand is a huge positive for the stock. Demand for LNG vessels is likely ro get stronger in the near future mainly due to the Russia-Ukraine war. This is likely to happen as European countries look for gas supplies outside Russia.
This company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -30%. Revenues are expected to be $78.15 million, down 10.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For GasLog Partners LP, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GLOP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
GasLog Partners LP is a member of the Zacks Transportation - Shipping industry. One other stock in the same industry, SFL Corporation (SFL - Free Report) , finished the last trading session 2.5% higher at $10.29. SFL has returned 2.9% over the past month.
For SFL Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of +21.1% from what the company reported a year ago. SFL Corporation currently has a Zacks Rank of #4 (Sell).