Short Interest in Teekay LNG Partners Drops By 50.4% (TGP)
Shares of Teekay LNG Partners (NYSE:TGP) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,070,473 shares, a decrease of 50.4% from the July 15th total of 2,158,551 shares, Stock Ratings News reports. Based on an average daily volume of 526,845 shares, the short-interest ratio is currently 2.0 days. Approximately 2.1% of the shares of the stock are sold short.
Separately, analysts at RBC Capital raised their price target on shares of Teekay LNG Partners from $44.00 to $45.00 in a research note on Wednesday, August 6th.
Shares of Teekay LNG Partners (NYSE:TGP) opened at 43.07 on Wednesday. Teekay LNG Partners has a 1-year low of $38.17 and a 1-year high of $47.49. The stock has a 50-day moving average of $44.20 and a 200-day moving average of $43.01. The company has a market cap of $3.196 billion and a P/E ratio of 23.85.
Teekay LNG Partners (NYSE:TGP) last released its earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.08. On average, analysts predict that Teekay LNG Partners will post $2.16 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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