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”
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.
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.
The consensus 12-month target price for Dynagas LNG Partners (DLNG) is $14.75. The target price implies a potential upside of 27.3%.
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.