Wall Street analysts expect that Teekay LNG Partners L.P. (NYSE:TGP) will report $110.99 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Teekay LNG Partners’ earnings, with the highest sales estimate coming in at $112.42 million and the lowest estimate coming in at $108.73 million. Teekay LNG Partners reported sales of $100.47 million in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Teekay LNG Partners will report full-year sales of $110.99 million for the current fiscal year, with estimates ranging from $411.20 million to $425.67 million. For the next financial year, analysts forecast that the firm will report sales of $520.80 million per share, with estimates ranging from $492.55 million to $570.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Teekay LNG Partners.

TGP has been the subject of several recent analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $16.00 price target on shares of Teekay LNG Partners in a research note on Friday, October 13th. Zacks Investment Research upgraded Teekay LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, UBS decreased their price target on Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Several hedge funds have recently bought and sold shares of the company. CNH Partners LLC raised its stake in shares of Teekay LNG Partners by 1.0% in 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. Alliancebernstein L.P. raised its stake in shares of Teekay LNG Partners by 5.9% in 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. Raymond James Financial Services Advisors Inc. raised its stake in shares of Teekay LNG Partners by 30.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,855 shares of the shipping company’s stock worth $581,000 after purchasing an additional 8,794 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Teekay LNG Partners in the second quarter worth $249,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Teekay LNG Partners in the third quarter worth $306,000. Hedge funds and other institutional investors own 36.23% of the company’s stock.

Shares of Teekay LNG Partners (TGP) traded down $0.15 during trading hours on Friday, reaching $19.30. The company’s stock had a trading volume of 276,884 shares, compared to its average volume of 235,349. The stock has a market capitalization of $1,536.80, a PE ratio of 22.18 and a beta of 1.28. Teekay LNG Partners has a 1-year low of $13.80 and a 1-year high of $19.90. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.22.

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About Teekay LNG Partners

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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