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Recommendations and Estimates for GasLog before Its Q2 Results

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Analysts’ ratings

According to Reuters, the consensus rating for GasLog (GLOG) is 2.08, 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 1.43 and 2.57, respectively.

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Analysts’ recommendations

For GasLog, 13 analysts have given recommendations, and 61% are bullish. Five analysts have given “strong buy” recommendations on the stock, while another three have given it “buy” recommendations. Meanwhile, 31% of analysts are neutral and have rated GasLog as a “hold.” One analyst (8%) 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 $21.27, which implies a potential upside of 21.54% from its price of $17.5 on July 18.

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Revenue and earnings estimates

Analysts expect GasLog’s second-quarter revenue to be $145.4 million, a 5.05% rise sequentially and an 11.96% rise compared to $129.9 million in the second quarter of 2017. For the third quarter, analysts expect another rise in GasLog’s revenue to $150.8 million.

GasLog’s 2018 revenue is expected to be $596.2 million—a 13.5% rise compared to $525 million in 2017. In 2019, its revenue is expected to be $683.6 million.

Since GasLog’s revenue is expected to rise, its EBITDA is also expected to rise. Analysts expect the company’s second-quarter EBITDA to be $96.7 million compared to $95.5 million in the previous quarter and $87.02 million in the second quarter of 2017. Analysts’ 2018 and 2019 EBITDA estimates for GasLog are $405.2 million and $480.3 million, respectively, compared to $354 million in 2017.

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