Media coverage about Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Lng Partners, L.P. Common Stock earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 46.1183754020983 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of NYSE:TGP traded down $0.20 during trading hours on Thursday, reaching $15.20. The stock had a trading volume of 4,941 shares, compared to its average volume of 244,026. Teekay Lng Partners, L.P. Common Stock has a 1 year low of $15.30 and a 1 year high of $21.65. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.54. The company has a market cap of $1.25 billion, a PE ratio of 15.20 and a beta of 1.21.
Teekay Lng Partners, L.P. Common Stock (NYSE:TGP) last announced its quarterly earnings data on Thursday, August 2nd. The shipping company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.17). Teekay Lng Partners, L.P. Common Stock had a net margin of 10.11% and a return on equity of 5.85%. The firm had revenue of $114.36 million during the quarter, compared to analysts’ expectations of $126.85 million. equities research analysts expect that Teekay Lng Partners, L.P. Common Stock will post 1.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, August 3rd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Thursday, August 2nd. Teekay Lng Partners, L.P. Common Stock’s dividend payout ratio is presently 56.00%.
A number of research firms have issued reports on TGP. ValuEngine lowered shares of Teekay Lng Partners, L.P. Common Stock from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Teekay Lng Partners, L.P. Common Stock from a “strong sell” rating to a “hold” rating in a report on Thursday, August 9th. Morgan Stanley reduced their target price on shares of Teekay Lng Partners, L.P. Common Stock from $19.00 to $17.50 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Finally, TheStreet lowered shares of Teekay Lng Partners, L.P. Common Stock from a “c” rating to a “d+” rating in a report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Teekay Lng Partners, L.P. Common Stock currently has a consensus rating of “Hold” and an average target price of $19.70.
Teekay Lng Partners, L.P. Common Stock Company Profile
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through two segments, Liquefied Gas and Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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