What Analysts Recommend for Golar LNG
Wall Street analysts have a 12-month price target of $36.11 for Golar. Compared to its price of $25 on November 23, 2016, this target implies a potential return of 44%.
Wall Street analysts estimate that Golar LNG’s (GLNG) 3Q16 revenues will drop. However, they are expecting an improvement on the cost side, so they’re projecting a higher EBITDA.
Wall Street analysts estimate revenues of just over $16 million in 3Q16 for Golar, which would mean a decline of 39% from $27 million in 3Q15 and a 9% drop in revenues on a quarter-over-quarter basis.
In this series, we’ll take a look at what analysts are expecting from Golar LNG’s 3Q16 results.
Of the nine analysts covering Hoegh LNG Partners (HMLP), 89.0% have given it a “buy” recommendation, and 11.0% have given it a “hold.” No analysts have recommended a “sell.”
Hoegh LNG Partners has reduced its debt 7.0% over the past year. As of September 30, 2016, its debt was $308.0 million–$23.0 million, lower than a year ago.
HMLP has declared a cash distribution of ~$0.41 per share, an annualized distribution of $1.65 per share. This distribution was the same as the previous quarter.
Hoegh LNG Partners’ (HMLP) revenue in 3Q16 was higher than 2Q16 and 3Q15. Revenue for 3Q16 was $23.3 million compared to $22.8 million in 2Q16.
Hoegh LNG Partners’ (HMLP) four LNG (liquefied natural gas) carriers are all under long-term fixed-rate contracts. The average contract length is 13.3 years.
Hoegh LNG Partners (HMLP) released its 3Q16 results on November 17, 2016. It recorded revenue of $23.3 million in 3Q16 compared to $11.5 million in 3Q15.
Of the nine analysts covering GasLog Partners (GLOP), 89% have given it “buy” recommendations, and 11% have given it “holds.” No analysts gave the company “sell” recommendations.
The LNG (liquefied natural gas) carrier industry is a capital-intensive industry. It’s important to look at GasLog Partners’ (GLOP) leverage.
GasLog Partners (GLOP) is a LP (limited partnership) with its sponsor GasLog (GLOG). One of investors’ main interests in LPs is high dividend yields.
GasLog, GasLog Partners’ general partner (or GP), has entered into a seven-year time charter contract with Total, which will commence in mid-2018.
GasLog Partners and GasLog have entered into an agreement in which GasLog Partners will acquire 100% of GasLog Seattle for an aggregate price of $189 million.
GasLog Partners’ revenue in 3Q16 was similar to its 3Q15 revenue. In 3Q16, the company posted revenue of $51.5 million, the same as it recorded in 3Q15.
According to GLOP, year-to-date LNG import volumes in China and India have risen 27% and 34%, respectively, as both countries have taken advantage of attractive LNG prices.
On October 27, 2016, GasLog Partners (GLOP) announced its 3Q16 revenue and earnings results. Its revenue rose 4% to $51.5 million.
Teekay LNG Partners (TGP) will release its 3Q16 results on Thursday, November 3, 2016. Wall Street analysts estimate its revenue to be 13.0% higher than 2Q16.
Hoegh LNG Partners’ (HMLP) third-quarter dividend is $0.41 per share. The distribution corresponds to an annualized distribution of $1.65 per share.