The stock of Teekay LNG Partners L.P. (NYSE:TGP) is a huge mover today! About 388,471 shares traded hands or 16.93% up from the average. Teekay LNG Partners L.P. (NYSE:TGP) has risen 2.56% since April 27, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.
The move comes after 5 months positive chart setup for the $1.19 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.37 PT which if reached, will make NYSE:TGP worth $83.30M more.
Analysts await Teekay LNG Partners L.P. (NYSE:TGP) to report earnings on February, 16. They expect $0.43 EPS, up 2.38% or $0.01 from last year’s $0.42 per share. TGP’s profit will be $33.44 million for 8.90 P/E if the $0.43 EPS becomes a reality. After $0.39 actual EPS reported by Teekay LNG Partners L.P. for the previous quarter, Wall Street now forecasts 10.26% EPS growth.
Teekay LNG Partners L.P. (NYSE:TGP) Ratings Coverage
Out of 7 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Teekay LNG Partners L.P. has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Hold” rating by Jefferies on Tuesday, September 13. The firm has “Buy” rating by UBS given on Tuesday, June 14. The firm has “” rating by UBS given on Friday, August 7. The stock has “Hold” rating given by Stifel Nicolaus on Monday, November 21. As per Thursday, December 17, the company rating was downgraded by Seaport Global Securities. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, December 17. Wells Fargo upgraded the stock to “Outperform” rating in Friday, September 9 report. Zacks downgraded the stock to “Hold” rating in Thursday, August 6 report.
According to Zacks Investment Research, “Teekay LNG Partners L.P. is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector. Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services under long-term, fixed-rate contracts with major energy and utility companies through its fleet of seven LNG carriers and five Suezmax class crude oil tankers.”
Another recent and important Teekay LNG Partners L.P. (NYSE:TGP) news was published by Fool.com which published an article titled: “Why Teekay Offshore Partners L.P., Teekay LNG Partners L.P., and Teekay …” on April 06, 2016.
TGP Company Profile
Teekay LNG Partners L.P., incorporated on November 3, 2004, is an international well-known 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. The Company’s divisions include the liquefied gas segment and the conventional tanker segment. The liquefied gas segment consists of LNG carriers, LPG carriers and multigas carriers, which can carry both LNG and LPG. The conventional tanker segment consists of approximately seven Suezmax-class crude oil tankers and a Handymax product tanker. The Company’s vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation.
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