Teekay LNG Partners Downgraded by Global Hunter Securities to Neutral (TGP)
Teekay LNG Partners (NYSE:TGP) was downgraded by analysts at Global Hunter Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Raymond James cut their price target on shares of Teekay LNG Partners from $47.00 to $45.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.
Teekay LNG Partners (NYSE:TGP) opened at 41.97 on Monday. Teekay LNG Partners has a 1-year low of $37.73 and a 1-year high of $45.42. The stock’s 50-day moving average is $40.65 and its 200-day moving average is $42.06. The company has a market cap of $2.969 billion and a price-to-earnings ratio of 18.47.
Teekay LNG Partners (NYSE:TGP) last released its earnings data on Thursday, November 7th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.11. Analysts expect that Teekay LNG Partners will post $2.19 EPS for the current fiscal year.
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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