Teekay LNG Partners L.P. (NYSE:TGP) – Equities researchers at Jefferies Group decreased their Q2 2017 earnings per share (EPS) estimates for Teekay LNG Partners L.P. in a report released on Thursday. Jefferies Group analyst R. Giveans now anticipates that the shipping company will earn $0.35 per share for the quarter, down from their previous estimate of $0.42. Jefferies Group also issued estimates for Teekay LNG Partners L.P.’s Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.47 EPS and FY2018 earnings at $1.81 EPS.
Several other research firms also recently weighed in on TGP. Royal Bank of Canada reissued a “hold” rating and issued a $14.00 price objective on shares of Teekay LNG Partners L.P. in a report on Friday, March 17th. Zacks Investment Research raised Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Teekay LNG Partners L.P. currently has an average rating of “Hold” and a consensus target price of $16.30.
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Teekay LNG Partners L.P. (NYSE:TGP) opened at 15.90 on Friday. The firm’s 50-day moving average is $16.86 and its 200-day moving average is $16.47. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.41 and a beta of 1.15. Teekay LNG Partners L.P. has a 52-week low of $9.47 and a 52-week high of $19.90.
Teekay LNG Partners L.P. (NYSE:TGP) last posted its quarterly earnings results on Thursday, May 18th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.14. Teekay LNG Partners L.P. had a return on equity of 10.44% and a net margin of 33.35%. The business had revenue of $101.18 million for the quarter, compared to analysts’ expectations of $104.31 million.
Large investors have recently bought and sold shares of the stock. Beach Investment Counsel Inc. PA increased its stake in Teekay LNG Partners L.P. by 55.6% in the first quarter. Beach Investment Counsel Inc. PA now owns 34,108 shares of the shipping company’s stock valued at $599,000 after buying an additional 12,190 shares during the last quarter. Albert D Mason Inc. increased its stake in 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 during the last quarter. Spirit of America Management Corp NY increased its stake in Teekay LNG Partners L.P. by 0.3% in the first quarter. Spirit of America Management Corp NY now owns 368,456 shares of the shipping company’s stock valued at $6,466,000 after buying an additional 1,200 shares during the last quarter. Creative Planning increased its stake in 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 during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in Teekay LNG Partners L.P. during the fourth quarter valued at $139,000. 42.85% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Wednesday, May 3rd. Teekay LNG Partners L.P.’s payout ratio is currently 35.44%.
Teekay LNG Partners L.P. Company Profile
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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