Shares of Teekay Lng Partners, L.P. (NYSE:TGP) have received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.40.

TGP has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “neutral” rating on shares of Teekay Lng Partners in a report on Tuesday, November 20th. Morgan Stanley raised shares of Teekay Lng Partners from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $17.50 to $16.00 in a report on Tuesday, January 22nd. ValuEngine downgraded shares of Teekay Lng Partners from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Teekay Lng Partners from a “strong sell” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, Wells Fargo & Co lowered their price target on shares of Teekay Lng Partners from $22.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, November 21st.

Shares of NYSE TGP traded up $0.37 during mid-day trading on Wednesday, reaching $12.79. 7,699 shares of the company were exchanged, compared to its average volume of 216,495. Teekay Lng Partners has a 52 week low of $10.74 and a 52 week high of $19.45. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $993.78 million, a P/E ratio of 12.76 and a beta of 1.52.

Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings data on Thursday, November 15th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). Teekay Lng Partners had a return on equity of 5.75% and a net margin of 18.92%. The company had revenue of $115.38 million for the quarter, compared to the consensus estimate of $125.21 million. As a group, analysts forecast that Teekay Lng Partners will post 0.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, February 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, January 31st. Teekay Lng Partners’s dividend payout ratio is presently 56.00%.

Institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. raised its stake in shares of Teekay Lng Partners by 12.5% during the fourth quarter. Valmark Advisers Inc. now owns 15,199 shares of the shipping company’s stock valued at $167,000 after acquiring an additional 1,690 shares during the last quarter. Pinnacle Holdings LLC raised its stake in shares of Teekay Lng Partners by 2.6% during the third quarter. Pinnacle Holdings LLC now owns 152,372 shares of the shipping company’s stock valued at $2,545,000 after acquiring an additional 3,888 shares during the last quarter. Banco de Sabadell S.A raised its stake in shares of Teekay Lng Partners by 188.1% during the third quarter. Banco de Sabadell S.A now owns 6,914 shares of the shipping company’s stock valued at $112,000 after acquiring an additional 4,514 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Teekay Lng Partners by 8.0% during the second quarter. California Public Employees Retirement System now owns 62,621 shares of the shipping company’s stock valued at $1,055,000 after acquiring an additional 4,660 shares during the last quarter. Finally, Gator Capital Management LLC raised its stake in shares of Teekay Lng Partners by 17.0% during the third quarter. Gator Capital Management LLC now owns 55,030 shares of the shipping company’s stock valued at $371,000 after acquiring an additional 8,000 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Teekay Lng Partners Company Profile

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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Analyst Recommendations for Teekay Lng Partners (NYSE:TGP)

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