Teekay LNG Partners L.P. (NYSE:TGP) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.75.

Several analysts have issued reports on TGP shares. Jefferies Group restated a “hold” rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a research report on Tuesday, September 13th. Wells Fargo & Co. upgraded shares of Teekay LNG Partners L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, September 9th. Finally, Zacks Investment Research lowered shares of Teekay LNG Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd.

Shares of Teekay LNG Partners L.P. (NYSE:TGP) traded down 0.96% during mid-day trading on Wednesday, reaching $15.40. The company had a trading volume of 183,430 shares. The company has a market capitalization of $1.23 billion, a P/E ratio of 16.04 and a beta of 1.29. The firm has a 50-day moving average of $14.65 and a 200-day moving average of $13.05. Teekay LNG Partners L.P. has a 12-month low of $7.92 and a 12-month high of $26.34.

Teekay LNG Partners L.P. (NYSE:TGP) last released its earnings results on Thursday, August 4th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.28. On average, equities analysts anticipate that Teekay LNG Partners L.P. will post $2.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, November 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.60%.

Several hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in Teekay LNG Partners L.P. by 2.0% in the second quarter. Neuberger Berman Group LLC now owns 11,819,003 shares of the company’s stock worth $132,963,000 after buying an additional 236,850 shares in the last quarter. FMR LLC raised its stake in Teekay LNG Partners L.P. by 98.9% in the second quarter. FMR LLC now owns 7,955,100 shares of the company’s stock worth $89,495,000 after buying an additional 3,955,560 shares in the last quarter. Harvest Fund Advisors LLC raised its stake in Teekay LNG Partners L.P. by 0.6% in the first quarter. Harvest Fund Advisors LLC now owns 2,272,864 shares of the company’s stock worth $28,820,000 after buying an additional 12,475 shares in the last quarter. Credit Suisse AG raised its stake in Teekay LNG Partners L.P. by 153.1% in the second quarter. Credit Suisse AG now owns 803,871 shares of the company’s stock worth $9,044,000 after buying an additional 486,276 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its stake in Teekay LNG Partners L.P. by 230.0% in the second quarter. HITE Hedge Asset Management LLC now owns 375,086 shares of the company’s stock worth $4,220,000 after buying an additional 261,422 shares in the last quarter.

About Teekay LNG Partners L.P.

Teekay LNG Partners L.P. (Teekay LNG Partners) is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay LNG Partners operates through two segments: its liquefied gas segment and its conventional tanker segment.

5 Day Chart for NYSE:TGP

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