Analysts’ Recommendations for GasLog Partners in June

Consensus rating

As of June 8, the consensus rating for GasLog Partners (GLOP) is 1.9, which means a “buy.”

Analysts’ Recommendations for GasLog Partners in June

Peers

The following are the consensus ratings for other LNG (liquefied natural gas) carrier companies (UNG) on a scale of 1 (strong buy) to 5 (strong sell):

  • Teekay LNG Partners (TGP): 2.4, which means a “buy”
  • Golar LNG Partners (GMLP): 2.36, which means a “buy”
  • Dynagas LNG Partners (DLNG): 2.57, which means a “buy”
  • Hoegh LNG Partners (HMLP): 1.5, which means a “strong buy”

Consensus recommendation

Ten analysts have given recommendations on GasLog Partners. Of these analysts, 70% are bullish on GasLog Partners, with four recommending “strong buys” and three recommending “buys.” Meanwhile, 30% of analysts (or three) call GLOP a “hold.” No analysts have recommended “strong sells” or “sells” on GasLog Partners.

Target price

The consensus 12-month target price for GLOP is $26.44 as of June 8. Based on the stock’s current price of $23.95, the target price implies a potential return of 10.4%.

First-quarter highlights

GasLog Partners earned revenue of $77.1 million in the first quarter—a 0.37% fall quarter-over-quarter and a 35.2% rise year-over-year. It increased its cash distribution to $0.53 per unit, or $2.12 per unit annualized—6% higher than the same period last year and 1.2% higher than the fourth quarter of 2017. It has a healthy distribution coverage ratio of 1.13x.

In March, GasLog Partners announced that it had received approval to acquire GasLog Gibraltar, which is attached by a multiyear charter with Shell, from GasLog (GLOG).