uploads///ebebbce

Earnings Preview: Gaslog’s 1Q17 Results

By

Updated

1Q17 results

Gaslog (GLOG), an international owner, operator, and manager of LNG (liquefied natural gas) carriers, plans to release its 1Q17 results before the market opens on May 5, 2017. The release will be followed by a conference call on the same day.

[marketrealist-chart id=2060332]

Article continues below advertisement

4Q16 highlights

Let’s take a look at some highlights from Gaslog’s most recent quarter:

  • awarded a seven-year charter commencing in 2019
  • took delivery of Gaslog Gibraltar, commencing its seven-year charter with Royal Dutch Shell
  • Gaslog entered into an agreement to purchase a 20% share in Gastrade in December 2016
  • completed the dropdown of Gaslog Seattle to Gaslog Partners
  • completed the equity offering of 3,750,000 common units at a price of $20.5 per common unit

Stock performance

On January 26, 2017, Gaslog stock reached a 52-week high of $17.8 Since then, its share price has fallen to $14 as of April 27, 2017. Gaslog has fallen 9.0% from the start of the year. The following are the year-to-date returns of other LNG carrier companies as of April 27:

  • Golar LNG Partners (GMLP): fell 6.4%
  • Teekay LNG Partners (TGP): rose 16.2%
  • Hoegh LNG Partners (HMLP): rose 5.7%
  • Gaslog Partners (GLOP): rose 17%

If you’re interested in broader exposure to the industrials sector, you can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

Series overview

In this series, we’ll take a look at what analysts are expecting from Gaslog’s 1Q17 results. We’ll look at estimates for its 2017 revenue and EBITDA (earnings before interest, tax, depreciation, and amortization).

We’ll also look at analyst recommendations and recent upgrades and downgrades on the company. Changes in analysts’ estimates are key drivers of short-term price movements.

Advertisement

More From Market Realist