Teekay LNG Partners L.P. (NYSE:TGP) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.90.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, October 26th. Jefferies Group reissued a “hold” rating and issued a $16.00 target price on shares of Teekay LNG Partners L.P. in a research report on Tuesday, September 13th. Wells Fargo & Co. raised Teekay LNG Partners L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, September 9th. Stifel Nicolaus began coverage on Teekay LNG Partners L.P. in a research report on Monday. They issued a “hold” rating and a $14.50 target price for the company. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $20.00 price objective on shares of Teekay LNG Partners L.P. in a research report on Friday, November 4th.

Teekay LNG Partners L.P. (NYSE:TGP) traded up 3.09% on Wednesday, reaching $15.00. The company’s stock had a trading volume of 297,575 shares. Teekay LNG Partners L.P. has a 12-month low of $7.92 and a 12-month high of $23.50. The stock has a market cap of $1.19 billion, a PE ratio of 9.51 and a beta of 1.29. The company’s 50 day moving average price is $14.77 and its 200-day moving average price is $13.26.

Teekay LNG Partners L.P. (NYSE:TGP) last released its quarterly earnings results 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 $1.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Friday, November 4th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.56 annualized dividend and a yield of 3.85%.

A number of hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC increased its stake in shares of 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 valued at $178,000 after buying an additional 2,209 shares in the last quarter. Blair William & Co. IL purchased a new position in Teekay LNG Partners L.P. during the second quarter worth about $139,000. Neuberger Berman Group LLC increased its position 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 during the period. 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 during the period. Finally, 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 during the period.

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Teekay LNG Partners L.P. Company Profile

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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