QNB capital research set its traget price (TP) for Qatar Gas Transport Limited (Nakilat) at QAR 24.70 per share.

The research unit said it will remain positive on Nakilat given its steady operating model and solid dividend yield.

Nakilat will remains Qatar’s primary LNG carrier and benefits from stable/visible revenue and cash flow through 25-year fixed (price and quantity) charter contracts with the state-controlled LNG producers, Qatargas and RasGas, noted QNB.

The company reported net profits of QAR 895 million for 2014, compared with QAR 730 million for 2013.