ValuEngine downgraded shares of Teekay LNG Partners L.P. (NYSE:TGP) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Other analysts also recently issued reports about the company. TheStreet upgraded Teekay LNG Partners L.P. from a c rating to a b- rating in a research report on Thursday, May 18th. Stifel Nicolaus restated a hold rating and set a $16.00 price objective on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. BidaskClub downgraded Teekay LNG Partners L.P. from a sell rating to a strong sell rating in a research report on Wednesday, June 14th. Jefferies Group LLC restated a hold rating and set a $16.00 price objective on shares of Teekay LNG Partners L.P. in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded Teekay LNG Partners L.P. from a strong sell rating to a hold rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $16.60.

Shares of Teekay LNG Partners L.P. (NYSE TGP) opened at 18.85 on Friday. Teekay LNG Partners L.P. has a 12 month low of $9.47 and a 12 month high of $19.90. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 7.64 and a beta of 1.16. The company has a 50-day moving average price of $16.28 and a 200-day moving average price of $17.03.

Teekay LNG Partners L.P. (NYSE:TGP) last announced its quarterly earnings data on Thursday, May 18th. The shipping company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.14. Teekay LNG Partners L.P. had a return on equity of 8.49% and a net margin of 53.15%. The business had revenue of $101.18 million for the quarter, compared to the consensus estimate of $104.31 million. Equities analysts forecast that Teekay LNG Partners L.P. will post $1.64 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.56 annualized dividend and a yield of 2.97%. Teekay LNG Partners L.P.’s dividend payout ratio is presently 22.67%.

Institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in Teekay LNG Partners L.P. by 2.9% in the first quarter. Global X Management Co. LLC now owns 19,822 shares of the shipping company’s stock valued at $348,000 after buying an additional 564 shares in the last quarter. OppenheimerFunds Inc. increased its position in Teekay LNG Partners L.P. by 2.1% in the first quarter. OppenheimerFunds Inc. now owns 5,011,817 shares of the shipping company’s stock valued at $87,958,000 after buying an additional 105,400 shares in the last quarter. Van ECK Associates Corp purchased a new position in Teekay LNG Partners L.P. during the first quarter valued at approximately $4,144,000. Alliancebernstein L.P. purchased a new position in Teekay LNG Partners L.P. during the first quarter valued at approximately $221,000. Finally, Blair William & Co. IL purchased a new position in Teekay LNG Partners L.P. during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 45.59% of the company’s stock.

Teekay LNG Partners L.P. 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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Analyst Recommendations for Teekay LNG Partners L.P. (NYSE:TGP)

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