Teekay LNG Partners L.P. (NYSE:TGP) was the target of unusually large options trading activity on Tuesday. Stock traders bought 10,096 put options on the company. This is an increase of approximately 10,756% compared to the typical volume of 93 put options.
Shares of Teekay LNG Partners (NYSE TGP) opened at $20.05 on Friday. Teekay LNG Partners has a 1-year low of $13.80 and a 1-year high of $20.40. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.22. The company has a market cap of $1,600.00, a price-to-earnings ratio of 24.16 and a beta of 1.27.
A number of brokerages have recently weighed in on TGP. Jefferies Group began coverage on shares of Teekay LNG Partners in a report on Monday, December 18th. They issued a “hold” rating and a $18.00 price objective for the company. Zacks Investment Research lowered shares of Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. UBS Group lowered their price objective on shares of Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $16.00 price objective on shares of Teekay LNG Partners in a report on Friday, October 13th. Two equities 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 stock. The company has an average rating of “Hold” and an average price target of $18.00.
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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.
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