Teekay LNG Partners Price Target Raised to $47.00 at Raymond James (TGP)
Investment analysts at Raymond James raised their target price on shares of Teekay LNG Partners (NYSE:TGP) from $45.00 to $47.00 in a note issued to investors on Friday, AR Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 6.82% from the company’s current price.
Teekay LNG Partners (NYSE:TGP) traded down 1.17% on Friday, hitting $44.00. The stock had a trading volume of 109,145 shares. Teekay LNG Partners has a 52 week low of $34.50 and a 52 week high of $45.42. The stock’s 50-day moving average is $42.60 and its 200-day moving average is $42.38. The company has a market cap of $3.072 billion and a price-to-earnings ratio of 18.89.
Teekay LNG Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.07.
Separately, analysts at Jefferson Research downgraded shares of Teekay LNG Partners (NYSE:TGP) from a “hold” rating to a “sell” rating in a research note to investors on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Teekay LNG Partners has an average rating of “Hold” and an average price target of $44.00.
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (NYSE:TGP), liquefied petroleum gas (LPG) and crude oil.
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