Equities analysts forecast that Teekay Lng Partners, L.P. (NYSE:TGP) will report sales of $153.76 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Teekay Lng Partners’ earnings, with the lowest sales estimate coming in at $145.94 million and the highest estimate coming in at $161.26 million. Teekay Lng Partners posted sales of $115.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The firm is expected to issue its next earnings results on Thursday, November 21st.

On average, analysts expect that Teekay Lng Partners will report full year sales of $609.48 million for the current year, with estimates ranging from $585.40 million to $623.23 million. For the next fiscal year, analysts anticipate that the business will report sales of $611.16 million, with estimates ranging from $563.76 million to $688.42 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Teekay Lng Partners.

Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Teekay Lng Partners had a return on equity of 7.14% and a net margin of 12.72%. The company had revenue of $153.10 million during the quarter, compared to analysts’ expectations of $155.70 million. Teekay Lng Partners’s quarterly revenue was up 25.2% compared to the same quarter last year.

TGP has been the subject of several research reports. TheStreet raised Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Thursday, August 1st. ValuEngine lowered Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered Teekay Lng Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SeaBridge Investment Advisors LLC raised its stake in shares of Teekay Lng Partners by 16.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 7,000 shares of the shipping company’s stock valued at $99,000 after purchasing an additional 1,000 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Teekay Lng Partners by 9.2% in the second quarter. BB&T Securities LLC now owns 142,500 shares of the shipping company’s stock valued at $2,009,000 after purchasing an additional 12,000 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Teekay Lng Partners by 2.3% in the second quarter. Van ECK Associates Corp now owns 229,114 shares of the shipping company’s stock valued at $3,231,000 after purchasing an additional 5,095 shares in the last quarter. Citigroup Inc. raised its stake in shares of Teekay Lng Partners by 182.5% in the first quarter. Citigroup Inc. now owns 110,298 shares of the shipping company’s stock valued at $1,650,000 after purchasing an additional 71,259 shares in the last quarter. Finally, Baldwin Investment Management LLC raised its stake in shares of Teekay Lng Partners by 27.9% in the second quarter. Baldwin Investment Management LLC now owns 27,540 shares of the shipping company’s stock valued at $388,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 31.18% of the company’s stock.

Shares of TGP traded up $0.15 during mid-day trading on Friday, hitting $16.20. The company’s stock had a trading volume of 64,447 shares, compared to its average volume of 204,886. Teekay Lng Partners has a one year low of $10.74 and a one year high of $17.50. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $1.26 billion, a PE ratio of 21.32 and a beta of 1.49. The stock’s 50-day moving average is $14.61 and its two-hundred day moving average is $14.49.

About Teekay Lng Partners

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 three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The 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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