Equities analysts predict that Teekay LNG Partners L.P. (NYSE:TGP) will post earnings of $0.32 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Teekay LNG Partners’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.30. Teekay LNG Partners posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 45.5%. The business is scheduled to report its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Teekay LNG Partners will report full year earnings of $1.05 per share for the current year. For the next year, analysts expect that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.32 to $1.73. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Teekay LNG Partners.
A number of equities analysts have recently weighed in on TGP shares. UBS Group lowered their price target on shares of Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. ValuEngine raised shares of Teekay LNG Partners from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley upped their price target on shares of Teekay LNG Partners from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Jefferies Group started coverage on shares of Teekay LNG Partners in a research note on Monday, December 18th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Citigroup upped their price target on shares of Teekay LNG Partners from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.
Shares of Teekay LNG Partners (TGP) traded up $0.15 on Tuesday, reaching $18.95. 241,098 shares of the company’s stock traded hands, compared to its average volume of 212,812. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1,520.00, a PE ratio of 22.83 and a beta of 1.17. Teekay LNG Partners has a 12 month low of $14.05 and a 12 month high of $21.65.
The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.96%. Teekay LNG Partners’s dividend payout ratio (DPR) is presently 67.47%.
Teekay LNG Partners 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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