Teekay LNG Partners L.P. (NYSE:TGP) – Research analysts at Jefferies Group issued their FY2017 earnings estimates for shares of Teekay LNG Partners L.P. in a note issued to investors on Thursday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings per share of $1.28 for the year. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock.

Teekay LNG Partners L.P. (NYSE:TGP) last issued its quarterly earnings data on Thursday, August 3rd. The shipping company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.12. The firm had revenue of $99.91 million for the quarter, compared to analysts’ expectations of $103.31 million. Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%.

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Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Teekay LNG Partners L.P. from a “c” rating to a “b-” rating in a research report on Thursday, May 18th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. ValuEngine downgraded shares of Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Teekay LNG Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.60.

Teekay LNG Partners L.P. (NYSE TGP) opened at 17.80 on Monday. The stock’s 50 day moving average price is $16.37 and its 200-day moving average price is $17.06. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 7.21 and a beta of 1.20. Teekay LNG Partners L.P. has a 12 month low of $10.73 and a 12 month high of $19.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.56 annualized dividend and a yield of 3.15%. Teekay LNG Partners L.P.’s dividend payout ratio is presently 32.75%.

A number of hedge funds have recently made changes to their positions in TGP. Creative Planning boosted its stake in shares of Teekay LNG Partners L.P. by 17.4% in the first quarter. Creative Planning now owns 8,619 shares of the shipping company’s stock valued at $151,000 after buying an additional 1,275 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Teekay LNG Partners L.P. by 9.2% in the first quarter. Valmark Advisers Inc. now owns 12,262 shares of the shipping company’s stock valued at $215,000 after buying an additional 1,031 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Teekay LNG Partners L.P. during the first quarter valued at about $218,000. Alliancebernstein L.P. acquired a new stake in shares of Teekay LNG Partners L.P. during the first quarter valued at about $221,000. Finally, Albert D Mason Inc. boosted its stake in shares of Teekay LNG Partners L.P. by 1.1% in the first quarter. Albert D Mason Inc. now owns 16,680 shares of the shipping company’s stock valued at $293,000 after buying an additional 180 shares in the last quarter. 45.59% of the stock is owned by institutional investors.

About Teekay LNG Partners L.P.

Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. 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.

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