GasLog Partners LP Sees Uptick in Short Interest During March

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GASLOG ($NYSE:GLOP): GasLog Partners LP (GLOP) saw a rise in short interest during March, suggesting that more investors are bearish on the stock. GLOP is a publicly-traded limited partnership that owns, charters, and manages liquefied natural gas (LNG) carriers. It is one of the world’s leading international owners and operators of LNG carriers. The company’s ships transport LNG worldwide through long-term, fixed-rate charters with major energy companies. GLOP has a fleet of twenty-three modern LNG carriers, with thirteen more due to be delivered in the next few years.

The uptick in shorting activity on GLOP in March is a sign that investors are becoming more pessimistic about the stock’s prospects. This decline may be due to increasing concerns about the long-term effects of the coronavirus pandemic on the shipping and energy industries. Overall, the rise in short interest on GLOP indicates that investors are not confident about the company’s future prospects. It is uncertain whether GLOP’s share price will continue to decline or if it will recover in the coming months.

Stock Price

GASLOG stock opened Monday at $8.4 and closed at the same price, a decrease of 0.7% from its closing price of $8.4 from the week prior. This increase in short interest can be attributed to the current market conditions, which have resulted in a volatile month for the company. Over the past few weeks, GASLOG shares have seen significant losses due to a combination of strong selling pressure and lower demand for the company’s services.

Investors have become increasingly wary of GASLOG’s ability to weather this turbulent period, which has led to an increase in short interest. Despite this increase, GASLOG’s long-term prospects remain positive and investors may find value in its stock in the coming months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GLOP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GLOP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GLOP. More…

Key Ratios Snapshot

Some of the financial key ratios for GLOP are shown below. More…

Analysis

At GoodWhale, we believe in delivering the most accurate and up-to-date analysis of GASLOG PARTNERS LP’s financials. Our Risk Rating system has placed GASLOG PARTNERS LP as a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in GASLOG PARTNERS LP’s income sheet and balance sheet. To find out more about the risk warnings, become a registered user of GoodWhale and get access to our detailed analysis of GASLOG PARTNERS LP’s financials. More…

Peers

The competition among GasLog Partners LP and its competitors is fierce. Teekay Corp, ONEOK Inc, and Shell Midstream Partners LP are all vying for a piece of the pie, and each company has its own strengths and weaknesses. GasLog Partners LP has been able to stay ahead of the competition by offering a higher quality product at a lower price.

– Teekay Corp ($NYSE:TK)

Teekay Corporation is a leading provider of international crude oil and gas transportation services. The company owns and operates a diverse fleet of tankers and offshore support vessels. Teekay’s fleet consists of crude oil tankers, product tankers, LNG carriers, FPSOs, shuttle tankers, FSOs, offshore support vessels, and conventional vessels.

Teekay has a market capitalization of $392.21 million as of 2022 and a return on equity of -10.2%. The company’s fleet of vessels is one of the most modern and efficient in the world, and is well-positioned to meet the growing demand for energy transportation services. Teekay is committed to providing safe, reliable, and efficient transportation services to its customers around the world.

– ONEOK Inc ($NYSE:OKE)

Oneok Inc is a leading midstream service provider in the United States. The company owns and operates a vast network of natural gas gathering, processing, storage and transportation assets across the country. Oneok is one of the largest providers of natural gas liquids (NGL) transportation and storage services in the United States. The company has a market capitalization of $24.49 billion as of March 2021 and a return on equity of 28.78%.

Oneok Inc’s strong financial performance is driven by its high-quality asset base, efficient operations and disciplined capital allocation strategy. The company’s large scale and diversified asset portfolio provide it with significant competitive advantages in the marketplace. Oneok is well-positioned to continue delivering strong financial results and creating value for shareholders over the long term.

– Shell Midstream Partners LP ($NYSE:SHLX)

Midship Pipeline Company LLC, a subsidiary of Midstream Partners LP, is a natural gas pipeline company that transports, processes, and stores natural gas. The company operates a 3,100-mile pipeline system that extends from the Gulf of Mexico to the Midwest and Northeast. Midship also operates two natural gas processing plants in Oklahoma.

Summary

GASLOG Partners LP is a publicly traded partnership engaged in owning, operating and acquiring liquefied natural gas (LNG) carriers. According to its recent report, the company saw an increase in short interest in the month of March. This means that more investors are betting against the company and expect its share prices to decline. The company has not yet released a statement regarding this trend, but it is likely to further investigate this change in investor sentiment.