Wall Street analysts predict that Teekay Lng Partners, L.P. (NYSE:TGP) will report earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Teekay Lng Partners’ earnings, with estimates ranging from $0.28 to $0.42. Teekay Lng Partners posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year over year growth rate of 2.9%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 21st.
According to Zacks, analysts expect that Teekay Lng Partners will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.88. For the next fiscal year, analysts forecast that the business will post earnings of $1.83 per share, with EPS estimates ranging from $1.41 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Teekay Lng Partners.
Get Teekay Lng Partners alerts:TGP has been the subject of several research reports. ValuEngine upgraded shares of Teekay Lng Partners from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Jefferies Financial Group reiterated a “neutral” rating on shares of Teekay Lng Partners in a research report on Tuesday, November 20th. Wells Fargo & Co cut their target price on shares of Teekay Lng Partners from $22.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 21st. Stifel Nicolaus upgraded shares of Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, November 28th. Finally, TheStreet upgraded shares of Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Monday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.00.
Large investors have recently made changes to their positions in the stock. Banco de Sabadell S.A grew its position in Teekay Lng Partners by 188.1% in the third quarter. Banco de Sabadell S.A now owns 6,914 shares of the shipping company’s stock worth $112,000 after acquiring an additional 4,514 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Teekay Lng Partners in the fourth quarter worth $116,000. Virtu Financial LLC purchased a new position in Teekay Lng Partners in the fourth quarter worth $121,000. LPL Financial LLC purchased a new stake in Teekay Lng Partners during the third quarter valued at about $218,000. Finally, Valmark Advisers Inc. boosted its position in Teekay Lng Partners by 12.5% during the fourth quarter. Valmark Advisers Inc. now owns 15,199 shares of the shipping company’s stock valued at $167,000 after buying an additional 1,690 shares during the period. Institutional investors own 30.41% of the company’s stock.
Shares of Teekay Lng Partners stock traded up $0.26 during trading on Wednesday, hitting $13.45. The stock had a trading volume of 682,100 shares, compared to its average volume of 333,659. The stock has a market cap of $1.05 billion, a P/E ratio of 13.47 and a beta of 1.52. Teekay Lng Partners has a 12 month low of $10.74 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.72 and a current ratio of 0.72.
The business also recently announced a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, February 1st were given a $0.14 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.56 annualized dividend and a yield of 4.16%. Teekay Lng Partners’s dividend payout ratio (DPR) is presently 56.00%.
About Teekay Lng Partners
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 two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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