GasLog Transports Liquefied Natural Gas

Today I'm reviewing a small-cap oil & gas midstream firm by the name of GasLog Partners LP.Its trading ticker symbol is GLOP. I last reviewed GLOP December 22nd2017.

GasLog Partners LP owns, operates & acquires liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. As of February 8, 2018, it had a fleet of 12 LNG carriers including three vessels with modern tri-fuel diesel-electric.

The company was founded in 2014 and is based in Monaco.

I use three key data points to gauge the value of any dividend equity or fund like GasLog Partners LP. (GLOP): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

GLOP Price

GasLog's price per share was $24.50 at Friday's market close.A year ago its price was $22.80 for a gain of $1.70 per share.  

Assuming GasLog's price will trade in the range of $22 to $27 next year, that $1.70 gain would take its current $24.50 price to $26.20 by early August, 2019. 

GLOP Dividends

GasLog's most recent increasing quarterly dividend was $0.53declared July 25and payableAugust 10, Friday.

At it's most recent quarterly pay rate, its 2018 annual dividend is calculated at $2.12yielding8.65% at Fridays closing $24.50 price.

Gains For APO?

Adding the $2.12 estimated annual dividend to the $1.70year over year theoretical price gain for GasLog makes a $3.82 projected gross annual per share gain, which will be reduced by costs to trade the shares.  

A little over $1,000.00 invested today at the $24.50 recent price buys 41 GasLog shares. 

A $10 broker fee paid half at purchase and half at sale costs about $0.24 per share, subtracting that $0.24 brokerage cost from the estimated $3.82 gross gain leaves a net gain of $3.58 X 41 shares = $146.78 or a 14.6% net gain on a $1,004.50 investment.

Therefore, GasLog Partners LP., whose trading ticker symbol is GLOP, now shows a possible 14.6% net gain including a 5.86% dividend yield. 

Eleven analysts cover this stock:

Six say "buy"

Two say GasLog will "outperform" its peers.

Three rate it "hold".

So, the analyst consensus recommendation is 1.73 or "outperform".

 The price target set by those eleven brokers is $0.62 above the $26.20 year over year price target I stated. 

Y Charts has data too. Y Charts has not yet rated GLOP for an overall "Y" rating; it has "insufficient data" for a Value score, but "average" for a Fundamental mark as well as "31.18% over" for aHistoric Valuation score based on a historic $18.68 value calculation.

So, you could look at all the numbers this way, GasLog Partners LP. (GLOP) has made money, is making money, and could net a 14.6%gain including an 8.65% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. Actual results remain to be seen. Results could turn out to be far higher or lower. More study is required for you to determine ifGasLog Partners LP. (GLOP) is worth your time and money.

Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.