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Teekay LNG Partners: Analysts’ Recommendations before 4Q17

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Jan. 24 2018, Updated 9:01 a.m. ET

Analysts’ ratings

According to Reuters, the consensus rating for Teekay LNG Partners is 2.4 (buy) on a scale of one (strong buy) to five (strong sell). Another LNG (UNG) carrier company, Höegh LNG Partners (HMLP) has a consensus rating of 1.44 (strong buy). Dynagas LNG Partners (DLNG) and GasLog (GLOG) have a consensus rating of 2.5 and 1.93, respectively.

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Analysts’ recommendations

Ten analysts gave recommendations on Teekay LNG Partners (TGP). Out of these, 40% of the analysts are bullish—two analysts recommended a “strong buy” and two analysts recommended a “buy” on the stock. Meanwhile, 60% of the analysts recommended “hold” on Teekay LNG Partners. For Golar LNG (GLNG), 93% of the analysts are bullish. For GasLog (GLOG) and Höegh LNG Partners (HMLP) 78% and 100% of the analysts are bullish, respectively.

Target price

The consensus 12-month target price for Teekay LNG Partners (TGP) is $19.78, which implies a potential downside of 6.0% from the market price of $21.05 on January 19, 2018.

Revenue and earnings estimates

Analysts estimate that Teekay LNG Partners’ 4Q17 revenue will be $114.9 million, which is 10% higher than $104.2 million in 3Q17. The revenue for 2017 is estimated at $420.9 million, which is 6.1% higher than $396.4 million in 2016.

In 2018, Teekay LNG Partners’ revenue is expected to rise to $528 million. Analysts’ 4Q17 EBITDA (earnings before interest, tax, depreciation, and amortization) estimate is $82.5 million, which is a rise of 12.5% from $73.3 million reported in 3Q17. For fiscal 2017, the EBITDA estimate stands at $292 million, which is 1.5% higher than the EBITDA of $287.0 million in 2016.

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