Are Analysts Bullish Teekay LNG Partners LP (NYSE:TGP) After Last Week?

Ivan Schwartz
August 11, 2017

The counter witnessed a trading volume of 0.22 million shares versus an average volume of 0.37 million shares during last trading session. The value of the total investment in Teekay LNG Partners L.P. went from $2,903,000 to $1,795,000 a change of $1,108,000 for the reporting period.

On July 28, 2017 the stock rating was rated "Market Perform" in a report from Raymond James a cut from the previous " rating. LLC boosted its stake in shares of Teekay LNG Partners 2.9% in the first quarter. As of the end of the quarter Teachers Advisors, LLC had acquired a total of 8,608 shares growing its stake by 9.4%. JPMorgan Chase & Co. boosted its position in Teekay LNG Partners 13.4% in the second quarter. Rhumbline Advisers now owns 67,404 shares of the shipping company's stock worth $450,000 after buying an additional 5,105 shares during the last quarter. LLC boosted its stake in shares of Teekay Offshore Partners 3.9% in the first quarter.

Shares of Teekay Offshore Partners L.P. (TOO) opened the session with a $2.56 price tag, later ranging from $2.535 to $2.64, the range at which the stock has traded at throughout the day. The stock's average target of $9 is 246.15% above today's ($2.6) share price. Teekay Offshore Partners LP (NYSE:TOO)'s price sits 1.93% above from its 50-day moving average of $2.5 and -43.06% away from the stock's 200-day moving average which is $4.22. The stock's market capitalization is 400.03M.

Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. (NYSE:TOO) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.44) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.37) by $0.07.

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The share price of G4S, the world's largest security group, fell 5.38% amid its organic growth cooling down in emerging markets. While the French CAC 40 Index fell by 0.6%, the German DAX Index slumped by 1.1% and the UK's FTSE 100 Index plunged by 1.4%.

Ratings analysis reveals 50% of Teekay Offshore's analysts are positive. The firm had revenue of $244.60 million during the quarter, compared to analyst estimates of $270 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The company's revenue was down 14.0% compared to the same quarter a year ago. On average, equities analysts predict that Teekay LNG Partners L.P. will post $1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Monday, August 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 3rd. Blackrock Group Limited holds 0.08% in H & R Block Inc (NYSE:HRB) or 7.53M shares. Purchases 1,092,370 Shares of Teekay Offshore Partners L.P.

A number of other analysts also recently issued reports on TGP. If you are viewing this news story on another website, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The legal version of this news story can be accessed at Analysts have placed a $19.4 price target on Hi-Crush Partners LP, suggesting a 135.15% gain from recent close. Teekay Offshore Partners LP (NYSE:TOO) has a market cap of $366.65 Million and the number of outstanding shares have been calculated 139.41 Million. Citigroup upgraded Teekay Offshore Partners L.P. (NYSE:TOO) on Wednesday, July 26 to "Buy" rating. Berson & Corrado Investment Advisors LLC boosted its stake in shares of Teekay Offshore Partners 0.6% in the second quarter. Zacks Investment Research upgraded Teekay Corporation from a "sell" rating to a "hold" rating in a research report on Thursday. The company has an average rating of "Hold" and a consensus price target of $5.33.

Teekay Offshore Partners a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The Business's fleet consists of approximately 30 shuttle tankers, including over three chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

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