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Analysts Expect an 89% Rise in Teekay’s Q2 2018 Earnings

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Analysts’ ratings

According to Reuters, the consensus rating for Teekay LNG Partners (TGP) is 2.38, which means a “buy” on a scale of one (strong buy) to five (strong sell).

Liquefied natural gas (UNG) carrier company Höegh LNG Partners (HMLP) has a consensus rating of 1.43. Dynagas LNG Partners (DLNG) and GasLog (GLOG) have consensus ratings of 2.57 and 2.08, respectively.

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Analysts’ recommendations

Eight analysts have given recommendations on Teekay LNG Partners. Of these, 37% of analysts are bullish. Two have recommended “strong buys,” and one has recommended a “buy” on the stock. Meanwhile, 63% of analysts have recommended “holds” on Teekay LNG Partners. For Golar LNG (GLNG), 85% of analysts are bullish. For GasLog (GLOG) and Höegh LNG Partners, 61% and 100% of analysts are bullish, respectively.

Target price

The consensus 12-month target price for Teekay LNG Partners is $20.63, which implies a potential upside of 12.4% from its price of $18.3 on April 17.

Revenue and earnings estimates

Analysts expect Teekay LNG Partners’ second-quarter revenue to be $124.8 million, 8.2% higher than its revenue of $115.3 million in the previous quarter. Its 2018 revenue is expected to be $515.5 million, a 19.14% rise compared to $432 million in 2017. In 2019, Teekay LNG Partners’ revenue is expected to rise to $628.9 million.

Analysts’ second-quarter EBITDA estimate is $98.12 million, which is a rise of 89% compared to the $51.7 million it reported in the previous quarter. For 2018, its EBITDA estimate is $377.9 million, 24.01% higher than its EBITDA of $304.7 million in 2017.

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