Teekay LNG Partners L.P. (NYSE:TGP) – Equities research analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Teekay LNG Partners L.P. in a research report issued on Thursday. Jefferies Group analyst R. Giveans now expects that the shipping company will earn $0.32 per share for the quarter, down from their prior estimate of $0.33.
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Several other equities research analysts have also issued reports on TGP. UBS AG decreased their price target on shares of Teekay LNG Partners L.P. from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Friday. ValuEngine lowered shares of Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a report on Friday, October 13th. Zacks Investment Research raised shares of Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, TheStreet lowered shares of Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.50.
Teekay LNG Partners L.P. (TGP) opened at $17.65 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.22. Teekay LNG Partners L.P. has a 1-year low of $13.30 and a 1-year high of $19.90. The company has a market cap of $1,433.28, a PE ratio of 20.69 and a beta of 1.26.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, November 2nd. Teekay LNG Partners L.P.’s payout ratio is 68.29%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in Teekay LNG Partners L.P. by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 13,333 shares of the shipping company’s stock worth $205,000 after acquiring an additional 746 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in Teekay LNG Partners L.P. during the 2nd quarter worth approximately $249,000. Toronto Dominion Bank grew its holdings in Teekay LNG Partners L.P. by 103.7% during the 3rd quarter. Toronto Dominion Bank now owns 14,411 shares of the shipping company’s stock worth $256,000 after acquiring an additional 403,411 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Teekay LNG Partners L.P. during the 3rd quarter worth approximately $306,000. Finally, CNH Partners LLC grew its holdings in Teekay LNG Partners L.P. by 1.0% during the 2nd quarter. CNH Partners LLC now owns 20,519 shares of the shipping company’s stock worth $315,000 after acquiring an additional 200 shares during the last quarter. 37.56% of the stock is currently owned by hedge funds and other institutional investors.
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.
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