Teekay LNG Partners L.P. (TGP) Given Consensus Rating of “Hold” by Analysts

Teekay LNG Partners L.P. (TGP) Given Consensus Rating of “Hold” by Analysts

Shares of Teekay LNG Partners L.P. (NYSE:TGP) have earned an average rating of “Hold” from the eight research firms that are covering the company. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.10.

Several brokerages have recently issued reports on TGP. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Teekay LNG Partners L.P. in a research note on Friday, November 4th. RBC Capital Markets reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Teekay LNG Partners L.P. in a research note on Friday, January 6th. Zacks Investment Research raised shares of Teekay LNG Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, January 5th. Finally, Stifel Nicolaus began coverage on shares of Teekay LNG Partners L.P. in a research report on Monday, November 21st. They issued a “hold” rating and a $14.50 target price on the stock.

Shares of Teekay LNG Partners L.P. (NYSE:TGP) traded up 0.933% during trading on Friday, hitting $18.925. 37,522 shares of the stock were exchanged. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 12.008 and a beta of 1.17. The stock’s 50 day moving average is $15.54 and its 200-day moving average is $14.11. Teekay LNG Partners L.P. has a 12-month low of $9.31 and a 12-month high of $19.90.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Teekay LNG Partners L.P. had a return on equity of 10.44% and a net margin of 33.35%. Equities research analysts anticipate that Teekay LNG Partners L.P. will post $1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, February 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, February 1st. Teekay LNG Partners L.P.’s dividend payout ratio (DPR) is currently 35.44%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in shares of Teekay LNG Partners L.P. by 2.4% in the third quarter. California Public Employees Retirement System now owns 68,200 shares of the company’s stock worth $1,032,000 after buying an additional 1,600 shares during the last quarter. Berson & Corrado Investment Advisors LLC increased its position in shares of Teekay LNG Partners L.P. by 21.5% in the third quarter. Berson & Corrado Investment Advisors LLC now owns 283,288 shares of the company’s stock worth $4,286,000 after buying an additional 50,222 shares during the last quarter. Spirit of America Management Corp NY increased its position in shares of Teekay LNG Partners L.P. by 144.6% in the third quarter. Spirit of America Management Corp NY now owns 285,406 shares of the company’s stock worth $4,318,000 after buying an additional 168,700 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Teekay LNG Partners L.P. during the third quarter worth approximately $200,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Teekay LNG Partners L.P. by 111.3% in the third quarter. BNP Paribas Arbitrage SA now owns 282,761 shares of the company’s stock worth $4,278,000 after buying an additional 148,919 shares during the last quarter. 46.08% 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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