Teekay LNG Partners L.P. (NYSE:TGP) and GasLog LP. (GLOG) Critical Comparison
Teekay LNG Partners L.P. (NYSE: TGP) and GasLog LP. (NYSE:GLOG) are both small-cap transportation companies, but which is the better investment? We will compare the two companies based on the strength of their risk, earnings, institutional ownership, dividends, analyst recommendations, valuation and profitabiliy.
Teekay LNG Partners L.P. pays an annual dividend of $0.56 per share and has a dividend yield of 3.1%. GasLog LP. pays an annual dividend of $0.56 per share and has a dividend yield of 3.3%. Teekay LNG Partners L.P. pays out 32.7% of its earnings in the form of a dividend. GasLog LP. pays out -800.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. GasLog LP. is clearly the better dividend stock, given its higher yield and lower payout ratio.
This is a summary of recent ratings and recommmendations for Teekay LNG Partners L.P. and GasLog LP., as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Teekay LNG Partners L.P.||0||3||2||0||2.40|
Teekay LNG Partners L.P. currently has a consensus price target of $16.50, indicating a potential downside of 9.59%. GasLog LP. has a consensus price target of $19.14, indicating a potential upside of 13.61%. Given GasLog LP.’s stronger consensus rating and higher probable upside, analysts plainly believe GasLog LP. is more favorable than Teekay LNG Partners L.P..
Insider and Institutional Ownership
45.6% of Teekay LNG Partners L.P. shares are held by institutional investors. Comparatively, 47.2% of GasLog LP. shares are held by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
This table compares Teekay LNG Partners L.P. and GasLog LP.’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Teekay LNG Partners L.P.||38.28%||6.14%||2.27%|
Risk and Volatility
Teekay LNG Partners L.P. has a beta of 1.2, suggesting that its stock price is 20% more volatile than the S&P 500. Comparatively, GasLog LP. has a beta of 1.27, suggesting that its stock price is 27% more volatile than the S&P 500.
Valuation and Earnings
This table compares Teekay LNG Partners L.P. and GasLog LP.’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Teekay LNG Partners L.P.||$401.85 million||3.62||$280.43 million||$1.71||10.67|
|GasLog LP.||$489.97 million||2.77||$326.28 million||($0.07)||-240.71|
GasLog LP. has higher revenue and earnings than Teekay LNG Partners L.P.. GasLog LP. is trading at a lower price-to-earnings ratio than Teekay LNG Partners L.P., indicating that it is currently the more affordable of the two stocks.
GasLog LP. beats Teekay LNG Partners L.P. on 9 of the 14 factors compared between the two stocks.
Teekay LNG Partners L.P. Company Profile
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled. Its segments include liquefied gas segment and conventional tanker segment. The liquefied gas segment consists of LNG carriers, LPG carriers and multigas carriers, which can carry both LNG and LPG. The conventional tanker segment consists of approximately seven Suezmax-class crude oil tankers and a Handymax product tanker. Its vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation.
GasLog LP. Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order. The Company also had four LNG carriers operating under its technical management for third parties. GasLog Partners LP, a master limited partnership formed by the Company, owned a further of approximately 10 LNG carriers. Its on the water fleet includes Methane Lydon Volney, GasLog Savannah, GasLog Savannah, GasLog Chelsea, GasLog Skagen, Solaris and GasLog Saratoga. Its new builds vessels include Hull No. 2130, Hull No. 2800 and Hull No. 2801. Its GasLog Partners Fleet includes GasLog Seattle, GasLog Shanghai, GasLog Santiago, GasLog Sydney and Methane Jane Elizabeth. Its managed fleet includes Methane Julia Louise and Methane Nile Eagle.
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