Teekay Lng Partners (NYSE:TGP) Issues FY19 Earnings Guidance

Teekay Lng Partners (NYSE:TGP) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.79. Teekay Lng Partners also updated its FY20 guidance to $2.60-3.10 EPS.

NYSE:TGP opened at $14.18 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $1.10 billion, a P/E ratio of 18.66 and a beta of 1.53. The company has a 50 day moving average price of $14.20 and a 200 day moving average price of $14.40. Teekay Lng Partners has a fifty-two week low of $10.74 and a fifty-two week high of $16.66.

Teekay Lng Partners (NYSE:TGP) last issued its quarterly earnings results on Wednesday, November 13th. The shipping company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Teekay Lng Partners had a net margin of 12.72% and a return on equity of 7.14%. The company had revenue of $149.70 million during the quarter, compared to analysts’ expectations of $167.28 million. During the same quarter last year, the company posted $0.16 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. Research analysts forecast that Teekay Lng Partners will post 1.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.76 annualized dividend and a yield of 5.36%. Teekay Lng Partners’s dividend payout ratio is presently 100.00%.

Several brokerages have commented on TGP. ValuEngine cut shares of Teekay Lng Partners from a sell rating to a strong sell rating in a research report on Tuesday, October 22nd. TheStreet raised shares of Teekay Lng Partners from a d+ rating to a c rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Teekay Lng Partners from a buy rating to a hold rating and set a $17.00 price target for the company. in a research report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus 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 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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