Teekay LNG Partners (TGP) Declares Quarterly Dividend of $0.69
Teekay LNG Partners (NYSE:TGP) declared a quarterly dividend on Wednesday, January 15th, Stock Ratings News reports. Investors of record on Friday, January 31st will be given a dividend of 0.6918 per share on Friday, February 14th. This represents a $2.77 dividend on an annualized basis and a yield of 6.52%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Teekay LNG Partners from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $46.50 price target on the stock. On a related note, analysts at Global Hunter Securities downgraded shares of Teekay LNG Partners from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. Finally, 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Teekay LNG Partners has a consensus rating of “Hold” and an average target price of $46.10.
Teekay LNG Partners (NYSE:TGP) traded down 0.09% on Wednesday, hitting $42.42. 93,192 shares of the company’s stock traded hands. Teekay LNG Partners has a one year low of $37.73 and a one year high of $45.42. The stock’s 50-day moving average is $40.9 and its 200-day moving average is $42.00. The company has a market cap of $3.001 billion and a price-to-earnings ratio of 18.73.
Teekay LNG Partners (NYSE:TGP) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.11. On average, analysts predict that Teekay LNG Partners will post $2.52 earnings per share 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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