Media coverage about Teekay Lng Partners (NYSE:TGP) has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Teekay Lng Partners earned a media sentiment score of 0.72 on their scale. InfoTrie also gave news stories about the shipping company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Teekay Lng Partners’ ranking:
- Teekay Group to Host Rescheduled Investor Day and Release Third Quarter 2019 Earnings (finance.yahoo.com)
- Zacks: Brokerages Anticipate Teekay Lng Partners, L.P. (NYSE:TGP) Will Announce Quarterly Sales of $153.76 Million (americanbankingnews.com)
- Investors Purchase Large Volume of Put Options on Teekay Lng Partners (NYSE:TGP) (americanbankingnews.com)
- Yamal LNG tanker JV no longer under sanctions after ownership change (finance.yahoo.com)
- $0.50 EPS Expected for Teekay Lng Partners, L.P. (NYSE:TGP) This Quarter (americanbankingnews.com)
Shares of Teekay Lng Partners stock opened at $15.49 on Thursday. Teekay Lng Partners has a twelve month low of $10.74 and a twelve month high of $16.66. The stock has a market capitalization of $1.22 billion, a P/E ratio of 20.38 and a beta of 1.50. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.84. The business’s fifty day moving average price is $14.59 and its 200 day moving average price is $14.45.
Teekay Lng Partners (NYSE:TGP) last issued its earnings results on Thursday, August 1st. The shipping company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Teekay Lng Partners had a return on equity of 7.14% and a net margin of 12.72%. The firm had revenue of $153.10 million for the quarter, compared to analysts’ expectations of $155.70 million. The business’s revenue was up 25.2% compared to the same quarter last year. As a group, sell-side analysts predict that Teekay Lng Partners will post 1.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Thursday, October 31st. Teekay Lng Partners’s dividend payout ratio is presently 100.00%.
A number of research analysts recently weighed in on the company. ValuEngine cut Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday. TheStreet upgraded Teekay Lng Partners from a “d+” rating to a “c” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Teekay Lng Partners from a “sell” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Teekay Lng Partners currently has an average rating of “Buy” and an average price target of $16.50.
Teekay Lng Partners 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 three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The 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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