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NYSE:TGP

Teekay Lng Partners Stock Forecast, Price & News

$10.34
-0.10 (-0.96 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$10.23
Now: $10.34
$10.55
50-Day Range
$10.36
MA: $11.37
$12.91
52-Week Range
$7.00
Now: $10.34
$16.74
Volume178,362 shs
Average Volume321,011 shs
Market Capitalization$801.44 million
P/E Ratio8.34
Dividend Yield9.58%
Beta1.5
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 three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. As of April 24, 2019, it had a fleet of 49 LNG carriers, 22 LPG, 7 multi-gas carriers, and 1 conventional tankers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was founded in 2004 and is based in Hamilton, Bermuda.
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Teekay Lng Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.31 out of 5 stars


Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryN/A
CUSIPN/A
Phone441-298-2530

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$601.26 million
Cash Flow$3.86 per share
Book Value$20.54 per share

Profitability

Net Income$152.79 million

Miscellaneous

Employees2,000
Market Cap$801.44 million
Next Earnings Date11/11/2020 (Estimated)
OptionableOptionable
$10.34
-0.10 (-0.96 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Teekay Lng Partners (NYSE:TGP) Frequently Asked Questions

How has Teekay Lng Partners' stock been impacted by Coronavirus?

Teekay Lng Partners' stock was trading at $10.77 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TGP shares have decreased by 4.0% and is now trading at $10.34.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Teekay Lng Partners?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Lng Partners in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Teekay Lng Partners
.

When is Teekay Lng Partners' next earnings date?

Teekay Lng Partners is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020.
View our earnings forecast for Teekay Lng Partners
.

How were Teekay Lng Partners' earnings last quarter?

Teekay Lng Partners, L.P. (NYSE:TGP) released its earnings results on Thursday, August, 13th. The shipping company reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.67. Teekay Lng Partners had a return on equity of 14.45% and a net margin of 21.60%.
View Teekay Lng Partners' earnings history
.

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 Monday, July 20th. Shareholders of record on Friday, July 31st will be given a dividend of $0.25 per share on Friday, August 14th. This represents a $1.00 annualized dividend and a yield of 9.67%. The ex-dividend date of this dividend is Thursday, July 30th.
View Teekay Lng Partners' dividend history
.

What price target have analysts set for TGP?

2 brokerages have issued 1 year price objectives for Teekay Lng Partners' stock. Their forecasts range from $13.00 to $20.00. On average, they anticipate Teekay Lng Partners' stock price to reach $16.50 in the next year. This suggests a possible upside of 59.6% from the stock's current price.
View analysts' price targets for Teekay Lng Partners
.

Are investors shorting Teekay Lng Partners?

Teekay Lng Partners saw a drop in short interest in September. As of September 15th, there was short interest totaling 273,300 shares, a drop of 35.8% from the August 31st total of 425,500 shares. Based on an average daily trading volume, of 219,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.
View Teekay Lng Partners' Short Interest
.

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 LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), JinkoSolar (JKS), Nordic American Tanker (NAT), Verizon Communications (VZ), Main Street Capital (MAIN), Medley Capital (MCC), BlackRock (BLK) and CA (CA).

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 48)
  • Mr. Scott Gayton, Chief Financial Officer of Teekay Gas Group Ltd (Age 44)
  • Ms. Edith Robinson, Company Sec. of Teekay GP LLC (Age 54)

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 variety of retail and institutional investors. Top institutional investors include FMR LLC (10.18%), Beach Investment Counsel Inc. PA (2.73%), Thornburg Investment Management Inc. (2.19%), Kayne Anderson Capital Advisors LP (0.62%), Neuberger Berman Group LLC (0.44%) and Granite Point Capital Management L.P. (0.38%).

Which institutional investors are selling Teekay Lng Partners stock?

TGP stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., Bank of Montreal Can, Wiley BROS. Aintree Capital LLC, Two Sigma Advisers LP, Trexquant Investment LP, Neuberger Berman Group LLC, Texas Yale Capital Corp., and Tranquility Partners LLC.

Which institutional investors are buying Teekay Lng Partners stock?

TGP stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Beach Investment Counsel Inc. PA, Kayne Anderson Capital Advisors LP, Granite Point Capital Management L.P., Globeflex Capital L P, O Keefe Stevens Advisory Inc., Icon Advisers Inc. Co., and Essex Financial Services Inc..

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Teekay Lng Partners' stock price today?

One share of TGP stock can currently be purchased for approximately $10.34.

How big of a company is Teekay Lng Partners?

Teekay Lng Partners has a market capitalization of $801.44 million and generates $601.26 million in revenue each year. The shipping company earns $152.79 million in net income (profit) each year or $1.79 on an earnings per share basis. Teekay Lng Partners employs 2,000 workers across the globe.

What is Teekay Lng Partners' official website?

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

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 9/27/2020 by MarketBeat.com Staff

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