According to Reuters, the consensus rating for GasLog (GLOG) is 1.93 on a scale of one (strong buy) to five (strong sell). Its peers Höegh LNG Partners (HMLP) and Dynagas LNG Partners (DLNG) have a consensus rating of 1.44 and 2.5, respectively.
For GasLog, 14 analysts gave recommendations and 78% of the analysts are bullish. Four analysts gave a “strong buy” recommendation, while seven analysts gave a “buy” recommendation. Meanwhile, 22% of the analysts are neutral and rate GasLog as a “hold.” None of the analysts gave the company a “sell” or “strong sell” rating. Teekay LNG Partners (TGP) and Golar LNG (GLNG) don’t have any “sell” or “strong sell” recommendations.
The consensus 12-month target price for GasLog is $20.46, which implies a potential upside of 0.5% from the market price of $20.35 on January 19, 2018.
Revenue and earnings estimates
Analysts expect GasLog’s 4Q17 revenue to be $133.6 million, which is a 1.8% rise quarter-over-quarter and 5.6% rise from $126.4 million in 4Q16. In 1Q18, analysts expect another rise in the revenue to $142.9 million.
The revenue for 2017 is estimated at $519.1 million—an 11% rise from $466.1 million in 2016. In 2018, the revenue is expected to be $607 million.
Since GasLog’s revenue is expected to rise, its EBITDA (earnings before interest, tax, depreciation, and amortization) is also expected to increase. Analysts estimated that the company’s 4Q17 EBITDA will be $93.9 million—compared to $89.7 million in 3Q17. The 2017 and 2018 EBITDA estimates for GasLog are $357.7 million and $426.1 million, respectively—compared to $302.3 million in 2016.
The consensus 12-month target price for Teekay LNG Partners is $19.78—a potential downside of 6.0% from the market price of $21.05 on January 19, 2018.
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