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NYSE:TGPTeekay Lng Partners Stock Price, Forecast & News

$10.79
+0.37 (+3.55 %)
(As of 07/14/2020 04:00 PM ET)
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Today's Range
$10.35
Now: $10.79
$10.86
50-Day Range
$10.95
MA: $11.75
$13.01
52-Week Range
$7.00
Now: $10.79
$16.74
Volume147,126 shs
Average Volume361,705 shs
Market Capitalization$836.32 million
P/E Ratio11.99
Dividend Yield9.60%
Beta1.53
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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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$3.88 per share
Book Value$20.54 per share

Profitability

Net Income$152.79 million

Miscellaneous

Employees2,000
Market Cap$836.32 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, TGP stock has increased by 0.2% and is now trading at $10.79. View which stocks have been most impacted by Coronavirus.

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

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.

When is Teekay Lng Partners' next earnings date?

Teekay Lng Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 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, May, 21st. The shipping company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.66 by $0.08. The shipping company earned $139.90 million during the quarter, compared to the consensus estimate of $144.54 million. Teekay Lng Partners had a return on equity of 12.35% and a net margin of 16.60%. Teekay Lng Partners's revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. 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 Friday, April 17th. Stockholders of record on Friday, May 1st will be given a dividend of $0.25 per share on Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Thursday, April 30th. This is a boost from Teekay Lng Partners's previous quarterly dividend of $0.19. View Teekay Lng Partners' dividend history.

What price target have analysts set for TGP?

1 brokers have issued 1-year price targets for Teekay Lng Partners' stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Teekay Lng Partners' stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 85.4% from the stock's current price. View analysts' price targets for Teekay Lng Partners.

Has Teekay Lng Partners been receiving favorable news coverage?

News coverage about TGP stock has been trending somewhat negative on Wednesday, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Teekay Lng Partners earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Teekay Lng Partners.

Are investors shorting Teekay Lng Partners?

Teekay Lng Partners saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 814,700 shares, an increase of 9.4% from the June 15th total of 744,900 shares. Based on an average daily trading volume, of 344,700 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the company's shares are sold short. View Teekay Lng Partners' Current Options Chain.

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), JinkoSolar (JKS), AT&T (T), Enterprise Products Partners (EPD), Nordic American Tanker (NAT), Verizon Communications (VZ), CA (CA), Medley Capital (MCC), Teekay (TK) and BlackRock (BLK).

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 many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.28%) and Wiley BROS. Aintree Capital LLC (0.02%).

Which major investors are selling Teekay Lng Partners stock?

TGP stock was sold by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC.

Which major investors are buying Teekay Lng Partners stock?

TGP stock was bought by a variety of institutional investors in the last quarter, including O Keefe Stevens Advisory 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 $10.79.

How big of a company is Teekay Lng Partners?

Teekay Lng Partners has a market capitalization of $836.32 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 7/15/2020 by MarketBeat.com Staff

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