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:
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.
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.