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GasLog Partners: Barclays Revised the Target Price

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Jan. 24 2018, Updated 10:30 a.m. ET

Consensus ratings

According to Reuters, 12 analysts gave recommendations for GasLog Partners (GLOP). The consensus rating on the stock is 1.83, which means a “buy.”

Below are the consensus ratings for other LNG (liquefied natural gas) (UNG) carrier companies. The ratings are on a scale of one (strong buy) to five (strong sell).

  • Golar LNG (GLNG) – 1.5, which means a “strong buy”
  • Teekay LNG Partners (TGP) – 2.4, which means a “buy”
  • Höegh LNG Partners (HMLP) – 1.44, which means a “strong buy”
  • Dynagas LNG Partners (DLNG) – 2.5, which means a “buy”
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Consensus recommendation

Of the 12 analysts covering GasLog Partners, four gave it a “strong buy” recommendation, while six gave it a “buy” recommendation. The other two analysts gave it a “hold” recommendation. None of the analysts gave a “sell” or “strong sell” recommendation for GasLog Partners.

Target price

On January 17, 2018, Barclays raised the target price for GasLog Partners to $26 from $25. GasLog Partners’ consensus 12-month target price is $26.86. Based on the market price on January 19, 2018, the target price implies a potential upside of 9.0%.

Revenue and earnings estimate

Wall Street analysts expect GasLog Partners’ 4Q17 revenue to be $75.39 million—compared to $73.4 million in 3Q17 and $57.9 million in 4Q16. The revenue for 2017 is estimated to be $269 million, which is 17.9% higher than $228 million in 2016. In 2018, GasLog Partners’ revenue is expected to be $316 million.

GasLog Partners’ EBITDA (earnings before interest, tax, depreciation, and amortization) is expected to drop to $55.4 million in 4Q17 from $53.3 million in 3Q17. The EBITDA for 2017 is estimated at $197.7 million—compared to $165.8 million in 2016. The EBITDA in 2018 is estimated at $232.3 million.

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