Wall Street brokerages expect that Teekay LNG Partners L.P. (NYSE:TGP) will announce sales of $110.99 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Teekay LNG Partners’ earnings. The lowest sales estimate is $108.73 million and the highest is $112.42 million. Teekay LNG Partners posted sales of $100.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Teekay LNG Partners will report full-year sales of $110.99 million for the current financial year, with estimates ranging from $411.20 million to $425.67 million. For the next fiscal year, analysts expect that the company will post sales of $520.80 million per share, with estimates ranging from $492.55 million to $570.98 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Teekay LNG Partners.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Teekay LNG Partners from a “hold” rating to a “buy” rating in a report on Sunday. Jefferies Group assumed coverage on shares of Teekay LNG Partners in a report on Monday, December 18th. They set a “hold” rating and a $18.00 price objective for the company. Zacks Investment Research lowered shares of Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. UBS Group cut their price objective on shares of Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price objective on shares of Teekay LNG Partners in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.00.

Hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its holdings in shares of Teekay LNG Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 13,333 shares of the shipping company’s stock valued at $205,000 after purchasing an additional 746 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Teekay LNG Partners by 103.7% in the third quarter. Toronto Dominion Bank now owns 14,411 shares of the shipping company’s stock valued at $256,000 after purchasing an additional 403,411 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Teekay LNG Partners in the second quarter valued at $249,000. Evergreen Capital Management LLC purchased a new position in shares of Teekay LNG Partners in the third quarter valued at $306,000. Finally, CNH Partners LLC grew its holdings in shares of Teekay LNG Partners by 1.0% in the second quarter. CNH Partners LLC now owns 20,519 shares of the shipping company’s stock valued at $315,000 after purchasing an additional 200 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

Shares of Teekay LNG Partners (NYSE:TGP) traded up $0.10 on Wednesday, reaching $20.50. 200,712 shares of the company’s stock were exchanged, compared to its average volume of 246,750. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32. Teekay LNG Partners has a twelve month low of $14.05 and a twelve month high of $20.84. The stock has a market cap of $1,630.00, a price-to-earnings ratio of 24.70 and a beta of 1.27.

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Teekay LNG Partners Company Profile

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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