News coverage about Teekay LNG Partners (NYSE:TGP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay LNG Partners earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 46.8971946054064 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Head-To-Head Review: Teekay LNG Partners (TGP) and The Competition (americanbankingnews.com)
- Teekay LNG Partners Declares Distributions on Series A and B Preferred Units – GlobeNewswire (press release) (globenewswire.com)
- Teekay LNG Partners (TGP) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Teekay Corporation Announces Changes to Board of Directors – Markets Insider (markets.businessinsider.com)
- Teekay Corporation Announces Changes to Board of Directors … – GlobeNewswire (press release) (globenewswire.com)
Several research firms have issued reports on TGP. Zacks Investment Research raised shares of Teekay LNG Partners from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised shares of Teekay LNG Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus set a $20.00 price target on shares of Teekay LNG Partners and gave the stock a “hold” rating in a report on Friday, February 23rd. Citigroup lifted their price target on shares of Teekay LNG Partners from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley lifted their price target on shares of Teekay LNG Partners from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.00.
Shares of Teekay LNG Partners (NYSE TGP) opened at $18.60 on Tuesday. Teekay LNG Partners has a one year low of $14.05 and a one year high of $21.65. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $1,512.91, a price-to-earnings ratio of 77.50 and a beta of 1.17.
Teekay LNG Partners (NYSE:TGP) last posted its quarterly earnings data on Thursday, February 22nd. The shipping company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Teekay LNG Partners had a net margin of 8.87% and a return on equity of 5.97%. The business had revenue of $122.00 million during the quarter, compared to the consensus estimate of $111.54 million. research analysts predict that Teekay LNG Partners will post 1.58 EPS for the current fiscal year.
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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 two segments, Liquefied Gas and 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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