Teekay LNG Partners (TGP) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Teekay LNG Partners (NYSE:TGP) from a hold rating to a buy rating in a research report report published on Sunday.

A number of other brokerages also recently weighed in on TGP. Zacks Investment Research downgraded shares of Teekay LNG Partners from a hold rating to a strong sell rating in a research note on Tuesday, November 14th. Jefferies Group initiated coverage on shares of Teekay LNG Partners in a research note on Monday, December 18th. They issued a hold rating and a $18.00 target price on the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $16.00 target price on shares of Teekay LNG Partners in a research note on Friday, October 13th. Finally, UBS Group lowered their target price on shares of Teekay LNG Partners from $26.00 to $24.00 and set a buy rating on the stock in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Teekay LNG Partners has an average rating of Hold and an average price target of $18.00.

Shares of Teekay LNG Partners (NYSE TGP) traded up $0.05 on Friday, reaching $20.55. 257,747 shares of the company were exchanged, compared to its average volume of 250,416. The stock has a market capitalization of $1,640.00, a P/E ratio of 24.76 and a beta of 1.27. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.32 and a quick ratio of 0.32. Teekay LNG Partners has a 1-year low of $14.05 and a 1-year high of $20.85.

Several hedge funds have recently bought and sold shares of the business. CNH Partners LLC raised its stake in shares of Teekay LNG Partners 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 acquiring an additional 200 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Teekay LNG Partners 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 acquiring an additional 746 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Teekay LNG Partners by 30.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,855 shares of the shipping company’s stock worth $581,000 after acquiring an additional 8,794 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Teekay LNG Partners during the second quarter worth approximately $249,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Teekay LNG Partners during the third quarter worth approximately $306,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

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Teekay LNG Partners 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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