NYSE:TGP

Teekay LNG Partners Stock Forecast, Price & News

$14.49
-0.04 (-0.28 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$14.31
$14.54
50-Day Range
$14.07
$15.98
52-Week Range
$10.06
$16.10
Volume131,016 shs
Average Volume143,984 shs
Market Capitalization$1.26 billion
P/E Ratio6.97
Dividend Yield7.91%
Beta1.2
30 days | 90 days | 365 days | Advanced Chart
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Teekay LNG Partners logo

About Teekay LNG Partners

Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in two segments, LNG and LPG. The company transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. As of December 31, 2020, it had a fleet of 47 LNG carriers and 30 LPG and multi-gas carriers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was incorporated in 2004 and is based in Hamilton, Bermuda.

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MarketRank

Overall MarketRank

2.29 out of 5 stars

Analyst Opinion: 2.3Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Teekay LNG Partners (NYSE:TGP) Frequently Asked Questions

Is Teekay LNG Partners a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay LNG Partners in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Teekay LNG Partners stock.
View analyst ratings for Teekay LNG Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Teekay LNG Partners?

Wall Street analysts have given Teekay LNG Partners a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Teekay LNG Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Teekay LNG Partners?

Teekay LNG Partners saw a decrease in short interest in June. As of June 30th, there was short interest totaling 16,900 shares, a decrease of 94.2% from the June 15th total of 293,800 shares. Based on an average daily volume of 141,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's stock are sold short.
View Teekay LNG Partners' Short Interest
.

When is Teekay LNG Partners' next earnings date?

Teekay LNG Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Teekay LNG Partners
.

How can I listen to Teekay LNG Partners' earnings call?

Teekay LNG Partners will be holding an earnings conference call on Thursday, August 5th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Teekay LNG Partners' earnings last quarter?

Teekay LNG Partners L.P. (NYSE:TGP) released its quarterly earnings results on Thursday, May, 13th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.04. The shipping company had revenue of $152.80 million for the quarter, compared to the consensus estimate of $147.75 million. Teekay LNG Partners had a net margin of 34.43% and a trailing twelve-month return on equity of 16.38%. The company's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share.
View Teekay LNG Partners' earnings history
.

How has Teekay LNG Partners' stock price been impacted by COVID-19?

Teekay LNG Partners' stock was trading at $10.77 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TGP shares have increased by 34.5% and is now trading at $14.49.
View which stocks have been most impacted by COVID-19
.

How often does Teekay LNG Partners pay dividends? What is the dividend yield for Teekay LNG Partners?

Teekay LNG Partners announced a quarterly dividend on Friday, July 16th. Investors of record on Thursday, August 5th will be given a dividend of $0.287 per share on Friday, August 13th. This represents a $1.15 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend is Wednesday, August 4th.
View Teekay LNG Partners' dividend history
.

Is Teekay LNG Partners a good dividend stock?

Teekay LNG Partners pays an annual dividend of $1.15 per share and currently has a dividend yield of 7.91%. TGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Teekay LNG Partners has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Teekay LNG Partners is 46.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Teekay LNG Partners will have a dividend payout ratio of 44.75% next year. This indicates that Teekay LNG Partners will be able to sustain or increase its dividend.
View Teekay LNG Partners' dividend history.

What price target have analysts set for TGP?

2 brokerages have issued twelve-month price objectives for Teekay LNG Partners' stock. Their forecasts range from $15.03 to $17.00. On average, they anticipate Teekay LNG Partners' share price to reach $16.02 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Teekay LNG Partners
or view top-rated stocks among Wall Street analysts.

Who are Teekay LNG Partners' key executives?

Teekay LNG Partners' management team includes the following people:
  • Mr. Mark J. Kremin, Pres & CEO of Teekay Gas Group Ltd (Age 50)
  • Mr. Scott Gayton, Chief Financial Officer of Teekay Gas Group Ltd (Age 47)
  • Ms. N. Angelique Burgess, Corp. Sec. of Teekay GP L.L.C. (Age 56)

Who are some of Teekay LNG Partners' key competitors?

What other stocks do shareholders of Teekay LNG Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay LNG Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), JinkoSolar (JKS), Nordic American Tankers (NAT), Verizon Communications (VZ), Main Street Capital (MAIN), PhenixFIN (MCC), BlackRock (BLK) and CA (CA).

What is Teekay LNG Partners' stock symbol?

Teekay LNG Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGP."

Who are Teekay LNG Partners' major shareholders?

Teekay LNG Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Beach Investment Counsel Inc. PA (2.53%), Tranquility Partners LLC (0.11%), Albert D Mason Inc. (0.07%), Sanders Morris Harris LLC (0.02%) and Cutler Group LP (0.00%).

Which institutional investors are selling Teekay LNG Partners stock?

TGP stock was sold by a variety of institutional investors in the last quarter, including Beach Investment Counsel Inc. PA, Tranquility Partners LLC, and Cutler Group LP.

Which institutional investors are buying Teekay LNG Partners stock?

TGP stock was purchased by a variety of institutional investors in the last quarter, including Albert D Mason Inc., and Sanders Morris Harris LLC.

How do I buy shares of Teekay LNG Partners?

Shares of TGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Teekay LNG Partners' stock price today?

One share of TGP stock can currently be purchased for approximately $14.49.

How much money does Teekay LNG Partners make?

Teekay LNG Partners has a market capitalization of $1.26 billion and generates $591.10 million in revenue each year. The shipping company earns $87.36 million in net income (profit) each year or $2.45 on an earnings per share basis.

How many employees does Teekay LNG Partners have?

Teekay LNG Partners employs 2,100 workers across the globe.

When was Teekay LNG Partners founded?

Teekay LNG Partners was founded in 1973.

What is Teekay LNG Partners' official website?

The official website for Teekay LNG Partners is www.teekay.com.

Where are Teekay LNG Partners' headquarters?

Teekay LNG Partners is headquartered at 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM 11.

How can I contact Teekay LNG Partners?

Teekay LNG Partners' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]


This page was last updated on 7/31/2021 by MarketBeat.com Staff
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