The firm earned "Buy" rating on Tuesday, June 14 by UBS. 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.
According to Zacks, "Teekay LNG Partners L.P.is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector". ValuEngine cut shares of Teekay LNG Partners L.P. from a "strong-buy" rating to a "buy" rating in a report on Friday, July 28th. The analyst recommendations from a month ago are 0 Buy, 2 Strong Buy, 0 Sell, 1 Hold and 1. The company has an average rating of "Hold" and an average target price of $17.60.
Teekay LNG Partners L.P. has a fifty-two week low of $13.27 and a fifty-two week high of $19.90.
About 41,026 shares traded.
The company's quick ratio for most recent quarter is 0.5 along with current ratio for most recent quarter of 0.5.
Teekay Offshore Partners LP (NYSE:TOO) has grabbed attention from the analysts, when it saw a value increase of 0.8% or 0.02 points in the last trading session to close at $2.53. The company has a market cap of $1,433.28, a PE ratio of 20.69 and a beta of 1.26.
Teekay LNG Partners L.P. (Teekay LNG Partners) is an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. If you are accessing this piece on another site, it was illegally copied and republished in violation of US and worldwide trademark & copyright legislation. The correct version of this piece of content can be viewed at https://weekherald.com/2017/11/14/q4-2017-earnings-estimate-for-teekay-lng-partners-l-p-issued-by-jefferies-group-tgp.html.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.58%. In the last earnings report the EPS was $0.59 with 153.90M shares presently outstanding. Alliancebernstein L.P. boosted its holdings in Teekay LNG Partners L.P.by 5.9% in the 2nd quarter. Alliancebernstein L.P. claims 13,499 shares valued at $32,000. Evergreen Capital Management LLC purchased a new position in shares of Teekay LNG Partners L.P. during the third quarter worth $306,000. Toronto Dominion Bank now owns 14,411 shares of the shipping company's stock worth $256,000 after purchasing an additional 403,411 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Teekay LNG Partners L.P.in the 2nd quarter worth $249,000.
Teekay Offshore Partners L.P., launched on August 30, 2006, is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada.
About 152,412 shares traded. 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.