Teekay LNG Partners (TGP) to Release Quarterly Earnings on Thursday

Teekay LNG Partners (NYSE:TGP) is set to post its quarterly earnings results before the market opens on Thursday, February 25th. Analysts expect Teekay LNG Partners to post earnings of $0.56 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Shares of NYSE:TGP opened at $13.51 on Tuesday. Teekay LNG Partners has a 1-year low of $7.00 and a 1-year high of $13.85. The stock has a market cap of $1.17 billion, a P/E ratio of 12.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $11.72.

The company also recently announced a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Tuesday, February 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.40%. The ex-dividend date was Monday, February 1st. Teekay LNG Partners’s dividend payout ratio (DPR) is presently 55.87%.

TGP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Teekay LNG Partners from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday. Jefferies Financial Group raised their target price on shares of Teekay LNG Partners from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, January 29th.

About Teekay LNG Partners

Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in LNG and LPG segments. The company transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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