LNG Carriers: Latest Updates and Analyst Recommendations

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Part 8
LNG Carriers: Latest Updates and Analyst Recommendations PART 8 OF 8

What Analysts Expect for GasLog’s 1Q17 Earnings

Price target for GasLog

According to Reuters, the 12-month target price for GasLog (GLOG) is $17.89, compared with its price of $15.05 on March 29, 2017. The target price implies a potential upside of 19%.

What Analysts Expect for GasLog&#8217;s 1Q17 Earnings

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Recommendations for GasLog

In total, 15 analysts give recommendations for GasLog. The consensus rating for the company is 1.7, which means “buy.” Let’s look at the consensus ratings for some other LNG (liquefied natural gas) (UNG) companies:

  • Golar LNG (GLNG): 1.7, which means “buy”
  • Teekay LNG Partners (TGP): 2.5, which means “buy”
  • Höegh LNG Partners (HMLP): 1.6, which means “buy”
  • GasLog Partners (GLOP): 1.8, which means “buy”

Of the 15 analysts covering GasLog, seven of them have given the company “strong buy” recommendations and six have recommended “buy.” Two analysts have recommended “hold,” and none of the analysts recommended “strong sell” or “sell.”

Revenue and earnings estimates

Analysts expect GasLog’s 1Q17 revenue to be $131 million, which is a 3.9% rise quarter-over-quarter and a 25.7% rise from 1Q16’s revenue of $104.4 million. In 2Q17, analysts expect a further rise in revenue to $133 million.

Revenue for 2017 is estimated to be $539.8 million, a 15.8% rise from the $466.0 million seen in 2016. In 2018, revenue is expected to be $617 million.

GasLog’s revenue and EBITDA (earnings before interest, tax, depreciation, and amortization) are expected to rise. Analysts have estimated that the company’s 1Q17 EBITDA will be $87.4 million, compared with $85.4 million in 4Q16. The 2017 and 2018 EBITDA estimates for GasLog are $361 million and $422.8 million, respectively, compared with $302 million in 2016.


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