Wall Street brokerages predict that Teekay Lng Partners, L.P. (NYSE:TGP) will post $0.58 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Teekay Lng Partners’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. Teekay Lng Partners posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 81.3%. The business is scheduled to issue its next earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Teekay Lng Partners will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.85. For the next year, analysts forecast that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $2.64 to $2.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Teekay Lng Partners.

Teekay Lng Partners (NYSE:TGP) last issued its quarterly earnings data on Wednesday, November 13th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The company had revenue of $149.70 million for the quarter, compared to analyst estimates of $167.28 million. Teekay Lng Partners had a net margin of 15.72% and a return on equity of 9.24%. Teekay Lng Partners’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Saturday, December 21st. Stifel Nicolaus restated a “buy” rating and issued a $20.00 target price on shares of Teekay Lng Partners in a research note on Thursday, November 14th. Finally, ValuEngine downgraded shares of Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.00.

Shares of TGP stock traded up $0.06 during mid-day trading on Tuesday, hitting $14.78. 368,000 shares of the stock traded hands, compared to its average volume of 221,223. The stock has a market cap of $1.16 billion, a P/E ratio of 18.02 and a beta of 1.60. The stock’s fifty day moving average is $15.29 and its two-hundred day moving average is $14.86. Teekay Lng Partners has a 52-week low of $12.31 and a 52-week high of $16.74. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.55 and a quick ratio of 0.55.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in Teekay Lng Partners by 2,014.5% in the second quarter. Invesco Ltd. now owns 2,094,264 shares of the shipping company’s stock valued at $29,529,000 after purchasing an additional 1,995,219 shares during the last quarter. Morgan Stanley boosted its stake in shares of Teekay Lng Partners by 37.0% in the second quarter. Morgan Stanley now owns 356,705 shares of the shipping company’s stock worth $5,030,000 after buying an additional 96,278 shares during the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in shares of Teekay Lng Partners by 2.5% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 179,658 shares of the shipping company’s stock worth $2,749,000 after buying an additional 4,325 shares during the last quarter. Boston Partners grew its holdings in Teekay Lng Partners by 5.8% during the third quarter. Boston Partners now owns 131,991 shares of the shipping company’s stock worth $1,802,000 after acquiring an additional 7,240 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Teekay Lng Partners during the second quarter worth about $1,590,000. Institutional investors own 29.56% of the company’s stock.

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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