Today, Teekay LNG Partners L.P. (TGP) Coverage Initiated by Analysts at Stifel Nicolaus

Today, Teekay LNG Partners L.P. (TGP) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Teekay LNG Partners L.P. (NYSE:TGP) in a report published on Monday morning. The firm issued a hold rating and a $14.50 price objective on the stock.

A number of other research analysts have also issued reports on TGP. JPMorgan Chase & Co. restated a buy rating and set a $20.00 price objective on shares of Teekay LNG Partners L.P. in a research report on Friday, November 4th. Zacks Investment Research upgraded Teekay LNG Partners L.P. from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Wednesday, October 26th. Jefferies Group reiterated a hold rating and set a $16.00 price target on shares of Teekay LNG Partners L.P. in a research report on Tuesday, September 13th. Finally, Wells Fargo & Co. upgraded Teekay LNG Partners L.P. from a market perform rating to an outperform rating in a research report on Friday, September 9th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $16.92.

Teekay LNG Partners L.P. (NYSE:TGP) opened at 15.05 on Monday. Teekay LNG Partners L.P. has a 12 month low of $7.92 and a 12 month high of $23.40. The stock has a market cap of $1.20 billion, a PE ratio of 9.54 and a beta of 1.29. The stock has a 50 day moving average price of $14.74 and a 200-day moving average price of $13.27.

Teekay LNG Partners L.P. (NYSE:TGP) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.08. On average, analysts expect that Teekay LNG Partners L.P. will post $1.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Friday, November 4th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Wednesday, November 2nd.

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in Teekay LNG Partners L.P. by 98.9% in the second quarter. FMR LLC now owns 7,955,100 shares of the company’s stock worth $89,495,000 after buying an additional 3,955,560 shares in the last quarter. Morgan Stanley increased its stake in Teekay LNG Partners L.P. by 29.9% in the third quarter. Morgan Stanley now owns 2,656,007 shares of the company’s stock worth $40,186,000 after buying an additional 611,989 shares in the last quarter. Credit Suisse AG increased its stake in Teekay LNG Partners L.P. by 153.1% in the second quarter. Credit Suisse AG now owns 803,871 shares of the company’s stock worth $9,044,000 after buying an additional 486,276 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Teekay LNG Partners L.P. by 230.0% in the second quarter. HITE Hedge Asset Management LLC now owns 375,086 shares of the company’s stock worth $4,220,000 after buying an additional 261,422 shares in the last quarter. Finally, Boston Partners purchased a new stake in Teekay LNG Partners L.P. during the third quarter worth approximately $3,621,000.

About Teekay LNG Partners L.P.

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