NYSE:TGP

Teekay LNG Partners Stock Forecast, Price & News

$10.34

-0.19 (-1.80 %)

(As of 10/29/2020 09:54 AM ET)

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Today's Range

$10.19

Now: $10.34▼

$10.34

50-Day Range

$10.34

MA: $10.75▼

$11.29

52-Week Range

$7.00

Now: $10.34▼

$16.74

Volume1,600 shs

Average Volume306,555 shs

Market Capitalization$899.01 million

P/E Ratio8.34

Dividend Yield9.18%

Beta1.48

Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in LNG and LPG segments. 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, 2019, it had a fleet of 49 LNG carriers and 30 LPG/multi-gas carriers. 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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Teekay LNG Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.50, Teekay LNG Partners has a forecasted upside of 56.7% from its current price of $10.53.
Amount of Analyst Coverage
Teekay LNG Partners has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Teekay LNG Partners has received 260 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Teekay LNG Partners has received 331 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Teekay LNG Partners has received 56.01% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Teekay LNG Partners and other stocks. Vote “Outperform” if you believe TGP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TGP will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Teekay LNG Partners is a leading dividend payer. It pays a dividend yield of 9.18%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Teekay LNG Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Teekay LNG Partners is 55.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teekay LNG Partners will have a dividend payout ratio of 35.97% next year. This indicates that Teekay LNG Partners will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teekay LNG Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 27.77% of the stock of Teekay LNG Partners is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Teekay LNG Partners are expected to grow by 8.59% in the coming year, from $2.56 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teekay LNG Partners is 8.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teekay LNG Partners is 8.49, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.33.
Price to Book Value per Share Ratio
Teekay LNG Partners has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.31 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Water transportation

Sub-IndustryN/A

SectorTransportation

Current SymbolNYSE:TGP

Previous Symbol

CUSIPN/A

CIK1308106

Webwww.teekay.com

Phone441-298-2530

Employees2,000

Debt

Debt-to-Equity Ratio1.79

Current Ratio0.50

Quick Ratio0.50

Price-To-Earnings

Trailing P/E Ratio8.34

Forward P/E Ratio4.04

P/E GrowthN/A

Sales & Book Value

Annual Sales$601.26 million

Price / Sales1.50

Cash Flow$3.98 per share

Price / Cash Flow2.60

Book Value$20.54 per share

Price / Book0.50

Profitability

EPS (Most Recent Fiscal Year)$1.79

Net Income$152.79 million

Net Margins21.60%

Return on Equity14.45%

Return on Assets4.12%

Miscellaneous

Outstanding Shares86,945,000

Market Cap$899.01 million

Next Earnings Date11/11/2020 (Estimated)

OptionableOptionable

$10.34

-0.19 (-1.80 %)

(As of 10/29/2020 09:54 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 COVID-19 (Coronavirus)?

Teekay LNG Partners' stock was trading at $10.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). 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) announced its quarterly earnings data on Thursday, August, 13th. The shipping company reported $0.67 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.67. The shipping company earned $142.88 million during the quarter, compared to the consensus estimate of $143.05 million. Teekay LNG Partners had a net margin of 21.60% and a return on equity of 14.45%.
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 declared a quarterly dividend on Monday, October 19th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.25 per share on Friday, November 13th. This represents a $1.00 annualized dividend and a yield of 9.67%. The ex-dividend date is Friday, October 30th.
View Teekay LNG Partners' dividend history.

What price target have analysts set for TGP?

2 equities research analysts have issued 1-year target prices 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 increase in short interest during the month of September. As of September 30th, there was short interest totaling 313,800 shares, an increase of 14.8% from the September 15th total of 273,300 shares. Based on an average daily trading volume, of 220,600 shares, the short-interest ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short.
View Teekay LNG Partners' Short Interest.

Who are some of Teekay LNG Partners' key competitors?

Some companies that are related to Teekay LNG Partners include Matson (MATX), Kirby (KEX), Carnival Co. & (CUK), Golar LNG (GLNG), Golden Ocean Group (GOGL), KNOT Offshore Partners (KNOP), Nordic American Tankers (NAT), Höegh LNG Partners (HMLP), International Seaways (INSW), Flex LNG (FLNG), Teekay Tankers (TNK), GasLog (GLOG), Tidewater (TDW), GasLog Partners (GLOP) and Golar LNG Partners (GMLP).
View all 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), 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 49)
Mr. Scott Gayton, Chief Financial Officer of Teekay Gas Group Ltd (Age 45)
Ms. N. Angelique Burgess, Corp. Sec. of Teekay GP L.L.C. (Age 55)

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 many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.38%) and Harvey Capital Management Inc. (0.04%).

Which major investors are buying Teekay LNG Partners stock?

TGP stock was acquired by a variety of institutional investors in the last quarter, including O Keefe Stevens Advisory Inc., and Harvey Capital Management 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 $899.01 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 10/29/2020 by MarketBeat.com Staff

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