Initiates Coverage on Teekay LNG Partners (NYSE:TGP)

Equities researchers at began coverage on shares of Teekay LNG Partners (NYSE:TGPGet Rating) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Teekay LNG Partners has a twelve month low of $12.10 and a twelve month high of $17.24.

Teekay LNG Partners Company Profile (Get Rating)

Teekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership’s ownership interests in these vessels range from 20 to 100 percent.

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