Global Hunter Securities Upgrades Teekay LNG Partners to “Accumulate” (TGP)
Teekay LNG Partners (NYSE:TGP) was upgraded by equities research analysts at Global Hunter Securities from a “neutral” rating to an “accumulate” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
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 43.52 on Wednesday. Teekay LNG Partners has a 52 week low of $38.17 and a 52 week high of $47.49. The stock has a 50-day moving average of $43.83 and a 200-day moving average of $43.10. The company has a market cap of $3.230 billion and a price-to-earnings ratio of 24.29.
Teekay LNG Partners (NYSE:TGP) last announced its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.08. Analysts expect that Teekay LNG Partners will post $2.16 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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