GasLog: The 2nd-Ranked LNG Carrier Stock in 2017

Year-to-date performance

Behind Teekay LNG Partners (TGP), GasLog (GLOG) was the second-best-performing stock in 2017 among the LNG carrier companies. GLOG’s YTD (year-to-date) return reached 28.8% while TGP returned 36.6% on December 20, 2017.

GasLog has outperformed the shipping ETF and the broad equity market indexes. Since December 30, 2016, the Guggenheim Shipping ETF (SEA) has risen 0.87%. On December 20, 2017, the Dow Jones Industrial Average (DIA) rose 25.2%, and the SPDR S&P 500 ETF (SPY) rose 19.5% during the same period.

GasLog: The 2nd-Ranked LNG Carrier Stock in 2017

GasLog hit a 52-week high of $21.50 on December 19, 2017. The last six months have been particularly robust for GasLog, as its price rose ~47.7%.

About GasLog

GasLog is an owner, manager, and operator of LNG carriers. It owns a fleet of 27 LNG carriers, comprising 22 vessels on the water and five LNG carrier newbuilds in the pipeline.

3Q17 highlights

In the third quarter of 2017, GasLog (GLOG) posted revenues of $131.0 million—9.0% higher year-over-year (or YoY). GLOG completed the dropdown of GasLog Geneva to GasLog Partners for $211.0 million. It also announced and closed the dropdown of Solaris to GasLog Partners.

GasLog recorded 10.7% higher adjusted EBITDA[1. earnings before interest, tax, depreciation, and amortization] of $89.7 million in 3Q17. It declared and paid a dividend of $0.14 per share. In 3Q17, GasLog repaid $41.6 million of the revolving credit facility. The credit agreement was up to $1.1 billion.

In the next part of this series, we’ll analyze the third-ranked stock in 2017 among LNG carriers—Golar LNG (GLNG). Later in this series, we’ll analyze the fourth- and fifth-ranked LNG carrier companies—GasLog Partners (GLOP) and Hoegh LNG Partners (HMLP).