Teekay LNG Partners Stock Forecast, Price & News

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.

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.
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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.

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.

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.

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.

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.
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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.

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.

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.

Some companies that are related to Teekay LNG Partners include Carnival Co. & (CUK), Kirby (KEX), Matson (MATX), Golden Ocean Group (GOGL), Golar LNG (GLNG), FLEX LNG (FLNG), Tidewater (TDW), International Seaways (INSW), Teekay Tankers (TNK), Nordic American Tankers (NAT), GasLog Partners (GLOP), Höegh LNG Partners (HMLP), Dynagas LNG Partners (DLNG), Odyssey Marine Exploration (OMEX) and EuroDry (EDRY).
View all of TGP's competitors.

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).

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

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%).

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.

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

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

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.

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

Teekay LNG Partners was founded in 1973.

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

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

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]