Analysts Anticipate Teekay Lng Partners, L.P. (TGP) to Post $0.33 Earnings Per Share

Equities analysts expect that Teekay Lng Partners, L.P. (NYSE:TGP) will post $0.33 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Teekay Lng Partners’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.38. Teekay Lng Partners posted earnings per share of $0.20 during the same quarter last year, which suggests a positive year over year growth rate of 65%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, May 23rd.

On average, analysts expect that Teekay Lng Partners will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.60 to $2.06. For the next year, analysts forecast that the company will report earnings of $2.37 per share, with EPS estimates ranging from $1.86 to $2.84. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Teekay Lng Partners.

Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings data on Thursday, February 21st. The shipping company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $143.28 million for the quarter, compared to the consensus estimate of $138.17 million. Teekay Lng Partners had a net margin of 11.19% and a return on equity of 5.01%.

A number of brokerages have recently issued reports on TGP. Zacks Investment Research lowered shares of Teekay Lng Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. ValuEngine lowered shares of Teekay Lng Partners from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. TheStreet lowered shares of Teekay Lng Partners from a “c” rating to a “d+” rating in a research note on Friday, February 22nd. Finally, Morgan Stanley raised shares of Teekay Lng Partners from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $17.50 to $16.00 in a research note on Tuesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC purchased a new stake in Teekay Lng Partners in the third quarter worth about $218,000. Rafferty Asset Management LLC purchased a new stake in Teekay Lng Partners in the fourth quarter worth about $1,515,000. Hsbc Holdings PLC purchased a new stake in Teekay Lng Partners in the fourth quarter worth about $1,938,000. JPMorgan Chase & Co. lifted its stake in Teekay Lng Partners by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 3,351,479 shares of the shipping company’s stock worth $55,970,000 after acquiring an additional 97,786 shares during the period. Finally, Sontag Advisory LLC purchased a new stake in Teekay Lng Partners in the fourth quarter worth about $620,000. 31.93% of the stock is owned by hedge funds and other institutional investors.

Shares of TGP traded up $0.16 during trading hours on Thursday, reaching $14.45. 89,100 shares of the company traded hands, compared to its average volume of 261,133. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.03 and a beta of 1.55. Teekay Lng Partners has a 12-month low of $10.74 and a 12-month high of $17.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.91.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.19 per share. This is a positive change from Teekay Lng Partners’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, May 6th. Teekay Lng Partners’s payout ratio is currently 100.00%.

About Teekay Lng Partners

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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