Jefferies Group began coverage on shares of Teekay LNG Partners (NYSE:TGP) in a report issued on Monday morning. The brokerage issued a hold rating and a $18.00 target price on the shipping company’s stock.
TGP has been the topic of several other reports. Zacks Investment Research lowered Teekay LNG Partners from a hold rating to a strong sell rating in a research note on Tuesday, November 14th. UBS dropped their price target on 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. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $16.00 target price on shares of Teekay LNG Partners in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $18.00.
Shares of Teekay LNG Partners (NYSE TGP) traded down $0.40 on Monday, reaching $19.75. The company’s stock had a trading volume of 270,300 shares, compared to its average volume of 299,293. Teekay LNG Partners has a 12-month low of $13.80 and a 12-month high of $20.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $1,604.48, a price-to-earnings ratio of 23.16 and a beta of 1.28.
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.
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