Teekay LNG Partners (TGP) to Release Quarterly Earnings on Wednesday

Teekay LNG Partners (NYSE:TGP) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

Shares of Teekay LNG Partners (TGP) opened at $18.65 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1,490.00, a P/E ratio of 22.47 and a beta of 1.17. Teekay LNG Partners has a 1-year low of $14.05 and a 1-year high of $21.65.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were issued a $0.14 dividend. The ex-dividend date was Thursday, February 1st. This represents a $0.56 annualized dividend and a dividend yield of 3.00%. Teekay LNG Partners’s dividend payout ratio is currently 67.47%.

Several analysts have recently commented on TGP shares. Zacks Investment Research cut Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. Citigroup raised their price target on Teekay LNG Partners from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday. Jefferies Group started coverage on Teekay LNG Partners in a report on Monday, December 18th. They issued a “hold” rating and a $18.00 price target for the company. Morgan Stanley raised their price target on Teekay LNG Partners from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday. Finally, ValuEngine raised Teekay LNG Partners from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.33.

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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.

Earnings History for Teekay LNG Partners (NYSE:TGP)

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