Favorable Media Coverage Extremely Likely to Affect Teekay LNG Partners L.P. (TGP) Stock Price
News coverage about Teekay LNG Partners L.P. (NYSE:TGP) has trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay LNG Partners L.P. earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Analysts Recommendation on Teekay Offshore Partners LP (TOO) (eleganthomesinla.com)
- Teekay LNG Partners LP (TGP) Lifted to “Sell” at BidaskClub (fumbleboard.com)
- Teekay LNG Partners LP (TGP) Plans Quarterly Dividend of $0.14 (ismboard.com)
- Neuberger Berman culls Teekay LNG stake (campdesrecrues.com)
Teekay LNG Partners L.P. (TGP) traded up 0.30% during mid-day trading on Friday, reaching $16.75. The company’s stock had a trading volume of 109,006 shares. The stock has a market capitalization of $1.33 billion, a P/E ratio of 6.79 and a beta of 1.16. The stock’s 50 day moving average price is $15.56 and its 200 day moving average price is $16.64. Teekay LNG Partners L.P. has a 1-year low of $9.47 and a 1-year high of $19.90.
Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, May 18th. The shipping company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.14. The business had revenue of $101.18 million during the quarter, compared to the consensus estimate of $104.31 million. Teekay LNG Partners L.P. had a return on equity of 8.49% and a net margin of 53.15%. Analysts expect that Teekay LNG Partners L.P. will post $1.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 2nd. Teekay LNG Partners L.P.’s dividend payout ratio is presently 22.67%.
Several analysts have recently issued reports on TGP shares. Zacks Investment Research upgraded Teekay LNG Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine cut Teekay LNG Partners L.P. from a “buy” rating to a “hold” rating in a research note on Saturday, May 20th. TheStreet upgraded Teekay LNG Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, May 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 price objective on shares of Teekay LNG Partners L.P. in a research note on Tuesday, May 30th. Finally, BidaskClub cut Teekay LNG Partners L.P. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.60.
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.
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