Golar’s Analyst Recommendations before the 4Q16 Results
Wall Street analysts have a 12-month price target of $36.8 for Golar.
Since the first quarter of 2015, Golar LNG has had negative EBITDA.
Golar LNG’s (GLNG) 4Q16 results are scheduled to be released on February 28, 2017.
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.