News stories about Teekay LNG Partners L.P. (NYSE:TGP) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay LNG Partners L.P. earned a daily sentiment score of 0.00 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.1984411986684 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of brokerages recently issued reports on TGP. TheStreet downgraded Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $16.00 target price on shares of Teekay LNG Partners L.P. in a research note on Thursday, July 6th. Finally, BidaskClub raised Teekay LNG Partners L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.60.
Shares of Teekay LNG Partners L.P. (TGP) traded down 0.737% on Monday, hitting $16.825. The stock had a trading volume of 87,368 shares. The company has a 50 day moving average price of $17.63 and a 200-day moving average price of $16.88. The stock has a market cap of $1.34 billion, a PE ratio of 9.845 and a beta of 1.22. Teekay LNG Partners L.P. has a 12 month low of $13.06 and a 12 month high of $19.90.
Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings results on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by $0.12. The company had revenue of $99.91 million during the quarter, compared to analysts’ expectations of $103.31 million. Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. On average, equities research analysts anticipate that Teekay LNG Partners L.P. will post $1.44 earnings per share for the current year.
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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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