Teekay LNG Partners L.P. (TGP) Trading Up 2.1%
Teekay LNG Partners L.P. (NYSE:TGP) shares were up 2.1% during trading on Monday . The company traded as high as $13.47 and last traded at $13.41, with a volume of 133,145 shares changing hands. The stock had previously closed at $13.13.
Separately, Zacks Investment Research lowered shares of Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.75.
The stock has a 50-day moving average price of $11.40 and a 200 day moving average price of $12.16. The firm has a market cap of $1.07 billion and a PE ratio of 13.93.
Teekay LNG Partners L.P. (NYSE:TGP) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.28. Equities research analysts expect that Teekay LNG Partners L.P. will post $2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, July 27th.
An institutional investor recently raised its position in Teekay LNG Partners L.P. stock. BNP Paribas Arbitrage SA boosted its position in shares of Teekay LNG Partners L.P. (NYSE:TGP) by 257.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,855 shares of the company’s stock after buying an additional 173,433 shares during the period. BNP Paribas Arbitrage SA owned 0.30% of Teekay LNG Partners L.P. worth $3,167,000 as of its most recent SEC filing.
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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