Teekay LNG Partners Sees Unusually Large Options Volume (TGP)

Teekay LNG Partners L.P. (NYSE:TGP) was the target of unusually large options trading on Tuesday. Stock traders acquired 10,096 put options on the company. This represents an increase of approximately 10,756% compared to the typical daily volume of 93 put options.

Shares of Teekay LNG Partners (TGP) traded up $0.60 during midday trading on Friday, reaching $21.25. The company’s stock had a trading volume of 336,602 shares, compared to its average volume of 262,422. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $1,690.00, a P/E ratio of 25.60 and a beta of 1.27. Teekay LNG Partners has a fifty-two week low of $14.05 and a fifty-two week high of $21.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, February 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend 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%.

Several institutional investors have recently added to or reduced their stakes in TGP. Alliancebernstein L.P. raised its position in Teekay LNG Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 13,333 shares of the shipping company’s stock valued at $205,000 after acquiring an additional 746 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in Teekay LNG Partners during the second quarter valued at approximately $249,000. Toronto Dominion Bank raised its position in Teekay LNG Partners by 103.7% during the third quarter. Toronto Dominion Bank now owns 14,411 shares of the shipping company’s stock valued at $256,000 after acquiring an additional 403,411 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Teekay LNG Partners during the third quarter valued at approximately $306,000. Finally, CNH Partners LLC raised its position in Teekay LNG Partners by 1.0% during the second quarter. CNH Partners LLC now owns 20,519 shares of the shipping company’s stock valued at $315,000 after acquiring an additional 200 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Jefferies Group assumed coverage on Teekay LNG Partners in a research note on Monday, December 18th. They issued a “hold” rating and a $18.00 target price on the stock. ValuEngine upgraded Teekay LNG Partners from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS Group cut their target price on Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $16.00 price target 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. Teekay LNG Partners currently has a consensus rating of “Hold” and a consensus price target of $18.00.

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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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