GasLog Partners Is Good On The Gas

Every New York stock exchange trading day I post a daily dividend stock review. I'll share the two chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I've named the Safari to Sweet Success.

Today's slot in the Safari portfolio is reserved for the energy sector.

That sector has six industries all related to bringing oil and gas to where we can fill our oil and gas tanks. The industries are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. That's the whole collection.

Today I'm reviewing a midstream enterprise that owns, operates & acquires liquefied natural gas (LNG) carriers transporting LNG  under long-term charters. Its fleet consists of approximately nine LNG carriers, including three vessels with modern tri-fuel diesel electric.

The company is GasLog Partners LP (GLOP). Its nine LNG carriers have an average carrying capacity of approximately 149,500 cubic meters, each of which has a multi-year time charter. The company was founded in 2014 and is based in Monaco.

Two factors are used to evaluate dividend stocks like GLOP: 

(1) Price

(2) Dividends

Besides those two main keys I'll use five more to finally unlock a stock to invest in. (Go to www.dividenddogcatcher.com to get the complete insight to those remaining keys.)

GLOP Price

GLOPs price at Thursday's close was $23.60 per share. The stock has positive momentum. Just a year ago its price was $19.55. That's a gain of $4.05 in the past year. Can GLOP do as well in the coming year?  If it does GLOP price would increase to $27.65. 

However eleven broker analysts concur on a target price of $26.41 for an increase of just $2.81. Those market makers see only a 14% upside where as past year momentum shows 21%.

GLOP Dividends

The most recent quarterly dividend was $0.5175 paid in November. The dividend increased a penny or more each quarter from $0.478 paid in November 2016. 

At Thursday's closing price of $23.60 per share the annual yield from $0.5175 paid last quarter equalled a $2.07 annual  payout per share and showed 8.77% for annual yield.

Are Gains Ahead For GLOP?

Adding the dividend of $2.07 to the $4.05 potential upside from a repeat of 2017 performance shows a $6.12 gross gain.  

Adding the same dividend to the $2.81 target gain foreseen by eleven broker analysts shows a $4.88 gross amount.

Calculating potential net gains for GLOP depends on how many shares one buys. Using a $1,000.00 budget amount at the $23.60 Thursday closing price would make an even share purchase 42 shares for $991.20. Figure our 42 shares incur a broker fee of about $5 at purchase and another $5 at sale (if we're to realize any gains) burdens each share with a brokerage cost of about $0.24.

Subtracting the brokerage costs shows net gains to 2018  tor equal 2017 momentum of a $6.12 gross gain:

$6.12 - $0.24 = $5.88 X 42 shares = $246.96 or 25% net on our $991.20 investment.

Per 11 brokers 2018 shows a $4.88 gross gain:

$4.88 - $0.24 = $4.64 X 42 shares = $194.88 or 19.7% net on our $991.20 investment.

 

 

Disclaimer: 

At 2 PM every NYSE trading day on the Dividend Dog Catcher page in Facebook, Fredrik Arnold does a quick live video summary of one of five stocks of the week contending for a ...

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