uploads///GLOP_Gaslog Partners

GasLog Partners: What Analysts Recommend

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Mar. 23 2018, Updated 12:30 p.m. ET

Analysts’ ratings

As of March 20, 2018, analysts’ consensus rating for GasLog Partners (GLOP) on a scale of 1 (“strong buy”) to 5 (“strong sell”) was 1.8, which suggests “buy.” Other LNG (liquefied natural gas) (UNG) carrier stocks’ ratings were as follows:

  • Teekay LNG Partners (TGP): 2.4, which suggests “buy”
  • Golar LNG Partners (GMLP): 2.1, which suggests “buy”
  • Dynagas LNG Partners (DLNG): 2.4, which suggests “buy”
  • Höegh LNG Partners (HMLP): 1.4, which suggests “strong buy”
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Analysts’ recommendations

Of the 11 analysts covering GasLog Partners, 82% are bullish—four have recommended “strong buy” and five have recommended “buy.” Meanwhile, two (18%) have recommended “hold.” There were no “strong sell” or “sell” ratings for GasLog Partners.

Target price

Analysts’ 12-month target price for GasLog Partners was $26.70, which implies a potential return of 16.2% based on its price of $23 on March 20, 2018.

Highlights in 3Q17

In 4Q17, GasLog Partners recorded its strongest quarterly revenue, profit, and EBITDA (earnings before interest, tax, depreciation, and amortization). GasLog Partners earned revenue of $77.3 million, which marked a 5.3% rise quarter-over-quarter and a 33.5% rise year-over-year. GasLog Partners increased its cash distribution to $0.52 per unit ($2.09 per unit annualized), a 1.2% rise from 3Q17 and a 6.8% rise from 4Q16. The company has a healthy distribution coverage ratio of 1.2x. GasLog Partners has completed the acquisition of GasLog Solaris, which is attached to a multiyear charter with Royal Dutch. The company has completed the public offering of 8.2% Series B cumulative redeemable perpetual fixed-to-floating rate preference units.

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