Teekay LNG Partners L.P. (TGP) to Release Earnings on Wednesday
Teekay LNG Partners L.P. (NYSE:TGP) will be releasing its earnings data before the market opens on Wednesday, November 1st. Analysts expect Teekay LNG Partners L.P. to post earnings of $0.37 per share for the quarter.
Teekay LNG Partners L.P. (NYSE:TGP) last released its quarterly earnings data on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.12). The business had revenue of $99.91 million during the quarter, compared to analyst estimates of $103.31 million. Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%. On average, analysts expect Teekay LNG Partners L.P. to post $1.26 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Shares of Teekay LNG Partners L.P. (TGP) opened at 17.60 on Wednesday. Teekay LNG Partners L.P. has a 12-month low of $13.06 and a 12-month high of $19.90. The firm has a market cap of $1.40 billion, a P/E ratio of 10.30 and a beta of 1.25. The firm has a 50-day moving average of $17.60 and a 200-day moving average of $16.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, November 3rd will be paid a $0.14 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.18%. Teekay LNG Partners L.P.’s dividend payout ratio (DPR) is currently 32.75%.
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TGP has been the topic of several analyst reports. BidaskClub upgraded Teekay LNG Partners L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine raised Teekay LNG Partners L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. TheStreet downgraded Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $16.00 target price on shares of Teekay LNG Partners L.P. in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.50.
About Teekay LNG Partners L.P.
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.
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