GasLog: Analysts’ Recommendations at the Start of June



Consensus recommendations

A total of 13 analysts have given recommendations on GasLog (GLOG). The consensus recommendation for GasLog is 2.08, which means a “buy.” Note that 62% of analysts are bullish on the stock, with five recommending “strong buys” and three recommending “buys.” Four analysts (31%) are neutral on the stock, giving it a “hold” rating. One analyst has recommended a “sell,” and none have recommended “strong sells.”

No analysts are bearish on GasLog Partners (GLOP), Hoegh LNG Partners (HMLP), Dynagas LNG Partners (DLNG), or Golar LNG (GLNG).

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Target price

The consensus 12-month target price for GasLog is $21.27, which implies a potential upside of 20% from its market price of $17.75 on June 8.

First-quarter highlights

GasLog earned revenue of $138.5 million in the first quarter compared to $128.3 million a year ago. The company recorded EBITDA of $95.9 million—a 7.6% rise year-over-year.

In the quarter, GasLog increased its dividend by 7.1% to $0.15 per share. In January, the company took delivery of GasLog Houston. The vessel is scheduled to commence a multiyear contract with Royal Dutch in December this year.

In March, the company took delivery of GasLog Hong Kong and GasLog Genoa.

GasLog ordered two newbuilds in the first quarter, which are scheduled to deliver in the second quarter of 2020. GasLog also completed a public offering of 8.2% Series B Cumulative Redeemable Perpetual Fixed to Floating Preference Units. With this, the company raised gross proceeds of $115 million and net proceeds of $111.2 million.

In the next article, we’ll discuss analysts’ recommendations and first-quarter highlights for GasLog Partners.


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