Teekay Lng Partners (NYSE:TGP) is scheduled to release its earnings data before the market opens on Thursday, February 21st. Analysts expect Teekay Lng Partners to post earnings of $0.36 per share for the quarter.
Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, November 15th. The shipping company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). Teekay Lng Partners had a return on equity of 5.75% and a net margin of 18.92%. The business had revenue of $115.38 million for the quarter, compared to the consensus estimate of $125.21 million. On average, analysts expect Teekay Lng Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Teekay Lng Partners stock opened at $12.75 on Thursday. Teekay Lng Partners has a 52 week low of $10.74 and a 52 week high of $19.45. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $1.02 billion, a P/E ratio of 12.75 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, February 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, January 31st. Teekay Lng Partners’s payout ratio is currently 56.00%.
Several brokerages have issued reports on TGP. ValuEngine downgraded shares of Teekay Lng Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Morgan Stanley upgraded shares of Teekay Lng Partners from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $17.50 to $16.00 in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Teekay Lng Partners from a “strong sell” rating to a “hold” rating in a research report on Saturday, December 1st. TheStreet upgraded shares of Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Monday, November 26th. Finally, Stifel Nicolaus upgraded shares of Teekay Lng Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.00.
Teekay Lng Partners Company Profile
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 two segments, Liquefied Gas and 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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