Teekay LNG Partners L.P. (TGP) Shares Up 3.5%
Shares of Teekay LNG Partners L.P. (NYSE:TGP) shot up 3.5% during trading on Friday . The company traded as high as $13.22 and last traded at $13.14, with a volume of 165,209 shares changing hands. The stock had previously closed at $12.70.
Separately, Zacks Investment Research upgraded Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.75.
The stock’s 50 day moving average price is $11.96 and its 200-day moving average price is $12.30. The company has a market cap of $1.05 billion and a price-to-earnings ratio of 13.69.
Teekay LNG Partners L.P. (NYSE:TGP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.28. On average, analysts expect that Teekay LNG Partners L.P. will post $2.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Wednesday, July 27th.
Teekay LNG Partners L.P. (Teekay LNG Partners) is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay LNG Partners operates through two segments: its liquefied gas segment and its conventional tanker segment.
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