Headlines about Teekay LNG Partners (NYSE:TGP) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay LNG Partners earned a news impact score of 0.08 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 46.2486795735826 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have weighed in on TGP. ValuEngine raised Teekay LNG Partners from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Jefferies Group began coverage on Teekay LNG Partners in a report on Monday, December 18th. They issued a “hold” rating and a $18.00 price target for the company. Zacks Investment Research cut Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. UBS Group reduced their price target on Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price on shares of Teekay LNG Partners in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.00.
Teekay LNG Partners (NYSE:TGP) traded up $0.60 during mid-day trading on Friday, hitting $21.25. The stock had a trading volume of 336,602 shares, compared to its average volume of 262,422. The stock has a market capitalization of $1,690.00, a price-to-earnings ratio of 25.60 and a beta of 1.27. Teekay LNG Partners has a 1-year low of $14.05 and a 1-year high of $21.40. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, February 1st. Teekay LNG Partners’s dividend payout ratio (DPR) is 67.47%.
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Teekay LNG Partners 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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