Teekay LNG Partners L.P. (NYSE:TGP) – Analysts at Jefferies Group dropped their Q4 2017 EPS estimates for Teekay LNG Partners L.P. in a report issued on Thursday. Jefferies Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.33.

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TGP has been the subject of a number of other research reports. Zacks Investment Research cut shares of Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. TheStreet cut shares of Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price on shares of Teekay LNG Partners L.P. in a report on Friday, October 13th. ValuEngine cut shares of Teekay LNG Partners L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, UBS AG reduced their target price on shares of Teekay LNG Partners L.P. from $26.00 to $24.00 and set a “buy” rating for the company in a report on Friday. 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 has a consensus rating of “Hold” and a consensus price target of $17.50.

Teekay LNG Partners L.P. (NYSE TGP) opened at $18.00 on Monday. The stock has a market cap of $1,430.00, a price-to-earnings ratio of 20.69 and a beta of 1.25. Teekay LNG Partners L.P. has a fifty-two week low of $13.27 and a fifty-two week high of $19.90. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.33.

Several institutional investors have recently modified their holdings of TGP. Alliancebernstein L.P. raised its holdings in shares of Teekay LNG Partners L.P. by 5.9% during the second quarter. Alliancebernstein L.P. now owns 13,333 shares of the shipping company’s stock worth $205,000 after purchasing an additional 746 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Teekay LNG Partners L.P. during the second quarter worth $249,000. Toronto Dominion Bank raised its holdings in shares of Teekay LNG Partners L.P. by 103.7% during the third quarter. Toronto Dominion Bank now owns 14,411 shares of the shipping company’s stock worth $256,000 after purchasing an additional 403,411 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Teekay LNG Partners L.P. during the third quarter worth $306,000. Finally, CNH Partners LLC raised its holdings in shares of Teekay LNG Partners L.P. by 1.0% during the second quarter. CNH Partners LLC now owns 20,519 shares of the shipping company’s stock worth $315,000 after purchasing an additional 200 shares during the last quarter. 37.84% of the stock is owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.56 annualized dividend and a dividend yield of 3.11%. Teekay LNG Partners L.P.’s dividend payout ratio (DPR) is presently 67.47%.

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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