NYSE:TGP - Teekay Lng Partners Stock Price, Forecast & News

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 decreased by 7.2% and is now trading at $9.99. View which stocks have been mosted impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Lng Partners in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Teekay Lng Partners.

Teekay Lng Partners is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Teekay Lng Partners.

Teekay Lng Partners, L.P. (NYSE:TGP) released its quarterly earnings results on Thursday, February, 27th. The shipping company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.03. The shipping company earned $148.80 million during the quarter, compared to the consensus estimate of $147.39 million. Teekay Lng Partners had a net margin of 25.41% and a return on equity of 10.84%. The company's revenue was down .7% compared to the same quarter last year. View Teekay Lng Partners' earnings history.

Teekay Lng Partners declared a quarterly dividend on Monday, January 20th. Stockholders of record on Friday, January 31st will be given a dividend of $0.19 per share on Friday, February 14th. This represents a $0.76 annualized dividend and a yield of 7.61%. The ex-dividend date is Thursday, January 30th. View Teekay Lng Partners' dividend history.

Teekay Lng Partners issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, February, 27th. The company provided earnings per share (EPS) guidance of 2.60-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.72.

1 analysts have issued 1-year price objectives for Teekay Lng Partners' stock. Their forecasts range from $20.00 to $20.00. On average, they expect Teekay Lng Partners' stock price to reach $20.00 in the next year. This suggests a possible upside of 100.2% from the stock's current price. View analysts' price targets for Teekay Lng Partners.

Headlines about TGP stock have been trending very positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teekay Lng Partners earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the shipping company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutTeekay Lng Partners.

Teekay Lng Partners saw a decline in short interest in March. As of March 13th, there was short interest totaling 394,200 shares, a decline of 8.4% from the February 27th total of 430,300 shares. Based on an average daily volume of 327,300 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the shares of the stock are sold short. View Teekay Lng Partners' Current Options Chain.

Some companies that are related to Teekay Lng Partners include Kirby (KEX), Carnival (CUK), Matson (MATX), Golar LNG (GLNG), Teekay Tankers (TNK), International Seaways (INSW), Nordic American Tanker (NAT), Teekay Offshore Partners (TOO), Golden Ocean Group (GOGL), KNOT Offshore Partners (KNOP), GasLog (GLOG), Tidewater (TDW), Golar LNG Partners (GMLP), Hoegh LNG Partners (HMLP) and GasLog Partners LP Unit (GLOP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay Lng Partners investors own include Energy Transfer LP Unit (ET), JinkoSolar (JKS), Enterprise Products Partners (EPD), AT&T (T), Nordic American Tanker (NAT), CA (CA), Medley Capital (MCC), BlackRock (BLK), Verizon Communications (VZ) and Golar LNG Partners (GMLP).

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

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.

One share of TGP stock can currently be purchased for approximately $9.99.

Teekay Lng Partners has a market capitalization of $774.23 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 1,900 workers across the globe. View additional information about Teekay Lng Partners.

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

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]