Equities research analysts at Stifel Nicolaus began coverage on shares of Teekay LNG Partners L.P. (NYSE:TGP) in a research report issued on Monday. The firm set a “hold” rating and a $14.50 price target on the stock. Stifel Nicolaus’ target price indicates a potential upside of 3.20% from the stock’s previous close.

A number of other research firms have also commented on TGP. Zacks Investment Research raised shares of Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, October 26th. Jefferies Group reissued a “hold” rating and set a $16.00 target price on shares of Teekay LNG Partners L.P. in a research note on Tuesday, September 13th. Wells Fargo & Co. raised shares of Teekay LNG Partners L.P. from a “market perform” rating to an “outperform” rating in a research note on Friday, September 9th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $20.00 target price on shares of Teekay LNG Partners L.P. in a research note on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.92.

Analyst Recommendations for Teekay LNG Partners L.P. (NYSE:TGP)

Shares of Teekay LNG Partners L.P. (NYSE:TGP) opened at 14.05 on Monday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 8.91 and a beta of 1.29. The company has a 50-day moving average price of $14.84 and a 200-day moving average price of $13.23. Teekay LNG Partners L.P. has a 1-year low of $7.92 and a 1-year high of $24.10.

Teekay LNG Partners L.P. (NYSE:TGP) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.08. On average, equities analysts expect that Teekay LNG Partners L.P. will post $1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Friday, November 4th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.99%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGP. GSA Capital Partners LLP increased its position in Teekay LNG Partners L.P. by 2.9% in the second quarter. GSA Capital Partners LLP now owns 30,372 shares of the company’s stock worth $342,000 after buying an additional 854 shares in the last quarter. Global X Management Co. LLC increased its position in Teekay LNG Partners L.P. by 16.2% in the second quarter. Global X Management Co. LLC now owns 15,825 shares of the company’s stock worth $178,000 after buying an additional 2,209 shares in the last quarter. California Public Employees Retirement System increased its position in Teekay LNG Partners L.P. by 2.1% in the second quarter. California Public Employees Retirement System now owns 66,600 shares of the company’s stock worth $749,000 after buying an additional 1,400 shares in the last quarter. HITE Hedge Asset Management LLC increased its position 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. Finally, Glenmede Trust Co. NA increased its position in Teekay LNG Partners L.P. by 33.9% in the second quarter. Glenmede Trust Co. NA now owns 103,056 shares of the company’s stock worth $1,158,000 after buying an additional 26,075 shares in the last quarter.

About Teekay LNG Partners L.P.

Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.

5 Day Chart for NYSE:TGP

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