Teekay Lng Partners, L.P. (NYSE:TGP) traded up 6.7% during trading on Monday . The company traded as high as $14.52 and last traded at $14.40, 180,638 shares were traded during trading. A decline of 23% from the average session volume of 233,215 shares. The stock had previously closed at $13.49.

A number of research analysts have recently commented on the company. TheStreet raised Teekay Lng Partners from a “d+” rating to a “c” rating in a report on Thursday, August 1st. Zacks Investment Research lowered Teekay Lng Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, ValuEngine lowered Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Teekay Lng Partners presently has a consensus rating of “Hold” and a consensus price target of $17.00.

The firm has a 50 day moving average of $14.62 and a two-hundred day moving average of $14.28. The stock has a market cap of $1.10 billion, a P/E ratio of 18.95 and a beta of 1.50. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.54 and a current ratio of 0.54.

Teekay Lng Partners (NYSE:TGP) last announced its earnings results on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Teekay Lng Partners had a return on equity of 7.14% and a net margin of 12.72%. The firm had revenue of $153.10 million during the quarter, compared to the consensus estimate of $155.70 million. The business’s revenue was up 25.2% on a year-over-year basis. On average, sell-side analysts anticipate that Teekay Lng Partners, L.P. will post 1.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, August 5th. This represents a $0.76 annualized dividend and a yield of 5.28%. Teekay Lng Partners’s payout ratio is 100.00%.

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Teekay Lng Partners by 109.4% during the 1st quarter. Advisory Services Network LLC now owns 1,633 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 853 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Teekay Lng Partners in the 1st quarter worth approximately $30,000. Whittier Trust Co. bought a new stake in shares of Teekay Lng Partners in the 1st quarter worth approximately $34,000. Destination Wealth Management bought a new stake in shares of Teekay Lng Partners in the 1st quarter worth approximately $38,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Teekay Lng Partners in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 27.95% of the company’s stock.

Teekay Lng Partners Company Profile (NYSE:TGP)

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 three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The 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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