The Teekay LNG Partners L.P. (TGP) Receives Hold Rating from Jefferies Group LLC

The Teekay LNG Partners L.P. (TGP) Receives Hold Rating from Jefferies Group LLC

Several other analysts have also commented on the company. Zacks Investment Research raised Teekay LNG Partners L.P. from a strong sell rating to a hold rating in a research note on Tuesday, May 2nd. Royal Bank of Canada reaffirmed a hold rating and issued a $14.00 price target on shares of Teekay LNG Partners L.P. in a research note on Friday, March 17th. TheStreet raised Teekay LNG Partners L.P. from a c rating to a b- rating in a research note on Thursday, May 18th. Finally, ValuEngine lowered Teekay LNG Partners L.P. from a buy rating to a hold rating in a research note on Saturday, May 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Teekay LNG Partners L.P. presently has an average rating of Hold and a consensus target price of $16.30.

Jefferies Group LLC reiterated their hold rating on shares of Teekay LNG Partners L.P. (NYSE:TGP) in a research report report published on Tuesday. Jefferies Group LLC currently has a $16.00 price target on the shipping company’s stock.

Shares of Teekay LNG Partners L.P. (TGP) opened at 16.15 on Tuesday. The firm has a 50-day moving average price of $16.41 and a 200-day moving average price of $16.64. Teekay LNG Partners L.P. has a 1-year low of $9.47 and a 1-year high of $19.90. The company has a market capitalization of $1.29 billion, a PE ratio of 6.54 and a beta of 1.15.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings results on Thursday, May 18th. The shipping company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.14. The company had revenue of $101.18 million during the quarter, compared to analyst estimates of $104.31 million. Teekay LNG Partners L.P. had a net margin of 33.35% and a return on equity of 10.44%. Equities analysts anticipate that Teekay LNG Partners L.P. will post $1.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Wednesday, May 3rd. Teekay LNG Partners L.P.’s dividend payout ratio is currently 35.44%.

A number of institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Teekay LNG Partners L.P. by 17.4% in the first quarter. Creative Planning now owns 8,619 shares of the shipping company’s stock worth $151,000 after buying an additional 1,275 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Teekay LNG Partners L.P. during the fourth quarter worth approximately $139,000. Blair William & Co. IL acquired a new position in Teekay LNG Partners L.P. during the first quarter worth approximately $218,000. Valmark Advisers Inc. raised its position in Teekay LNG Partners L.P. by 9.2% in the first quarter. Valmark Advisers Inc. now owns 12,262 shares of the shipping company’s stock worth $215,000 after buying an additional 1,031 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Teekay LNG Partners L.P. during the first quarter worth approximately $221,000. 42.85% of the stock is currently owned by 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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