Teekay Lng Partners, L.P. (NYSE:TGP) was the recipient of unusually large options trading activity on Thursday. Investors acquired 2,717 call options on the stock. This is an increase of approximately 1,092% compared to the typical volume of 228 call options.
NYSE TGP opened at $14.47 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $1.14 billion, a P/E ratio of 14.47 and a beta of 1.52. Teekay Lng Partners has a 52 week low of $10.74 and a 52 week high of $19.45.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, February 1st were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, January 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.87%. Teekay Lng Partners’s dividend payout ratio (DPR) is presently 56.00%.
Several equities research analysts have recently weighed in on TGP shares. ValuEngine raised shares of Teekay Lng Partners from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of Teekay Lng Partners in a research report on Tuesday, November 20th. Wells Fargo & Co lowered their price target on shares of Teekay Lng Partners from $22.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 21st. Stifel Nicolaus raised shares of Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, November 28th. Finally, TheStreet raised shares of Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Teekay Lng Partners presently has an average rating of “Hold” and a consensus target price of $17.00.
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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 two segments, Liquefied Gas and 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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