GasLog Partners Increases Distributions
GasLog Partners (GLOP) declared a cash distribution of $0.49 per share. This was 3% higher than 3Q16’s distribution of $0.48 per share.
Morgan Stanley has an “equal weight” rating on GasLog Partners (GLOP) and raised the target price to $23.50 from $22.00.
Immediately after GasLog Seattle’s acquisition, GLOP delivered its highest-ever quarterly financial results.
In 2016, GasLog (GLOG) entered two time charter contracts—one with Total and another with Centrica.
GasLog Partners’s (GLOP) fiscal 2016 revenues totaled $228 million—higher than its revenues of $200 million recorded in 2015.
On January 27, 2017, GasLog Partners (GLOP) announced its 4Q16 revenues and earnings. Its revenues rose to ~$57.0 million, compared to $51.4 million in 3Q16.
Wall Street analysts expect Hoegh LNG Partners’ 4Q16 revenue to be $23.0 million, which is similar to revenues for 3Q16.
In December 2016, GasLog (GLOG) entered in a sale and purchase agreement with Gastrade. GasLog will acquire 20.0% of Gastrade shares.
On January 3, 2017, Stifel downgraded Golar LNG Partners (GMLP) to “hold” from “buy.” Stifel also lowered its target price from $24 to $23.
Wall Street analysts estimate that Golar LNG’s 4Q16 revenues will be $26.4 million compared to $22.3 million in 3Q16.
Analysts are estimating that Teekay LNG Partners’ 4Q16 revenue will be $110.0 million, which is 10.0% higher than $100.0 million in 3Q16.
According to Reuters, the consensus rating for GasLog Partners stock is 1.8, which means a “buy.”
LNG (liquefied natural gas) carriers are set to release their 4Q16 earnings results soon. Let’s take a look at analysts’ recommendations and ratings for some of these carriers.
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.