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Analysts Expect a Rise in GasLog’s Earnings

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Analysts’ ratings

According to Reuters, the consensus rating for GasLog (GLOG) is 2, which means a “buy” on a scale of one (strong buy) to five (strong sell). Its peers Höegh LNG Partners (HMLP) and Dynagas LNG Partners (DLNG) have consensus ratings of 1.38 and 2.29, respectively.

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Analysts’ recommendations

For GasLog, 14 analysts have given recommendations, and 72% are bullish. Five analysts have given “strong buy” recommendations on the stock, while another five have given it “buy” recommendations. Meanwhile, 21% of analysts are neutral and have rated GasLog as a “hold.” One analyst (7%) is bearish on Gaslog.

GasLog’s peers Teekay LNG Partners (TGP) and Golar LNG (GLNG) don’t have any “sell” or “strong sell” recommendations.

Target price

The consensus 12-month target price for GasLog is $21.62, which implies a potential upside of 22.8% from its price of $17.6 on April 16, 2018.

Revenue and earnings estimates

Analysts expect GasLog’s 1Q18 revenue to be $148.2 million, a 9.1% rise quarter-over-quarter and a 15.4% rise compared to $128.2 million in 1Q17. For 2Q18, analysts expect another rise in GasLog’s revenue to $151 million.

GasLog’s revenue for 2018 is expected to be $610 million—a 16.2% rise compared to $525 million in 2017. In 2019, its revenue is expected to be $701 million.

Since GasLog’s revenue is expected to rise, its EBITDA (earnings before interest, tax, depreciation, and amortization) is also expected to rise. Analysts expect the company’s 1Q18 EBITDA to be $103.3 million compared to $89.2 million in the previous quarter and $89.3 million in 1Q17. Analysts’ 2018 and 2019 EBITDA estimates for GasLog are $426 million and $501 million, respectively, compared to $354 million in 2017.

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