Teekay LNG Partners L.P. (NYSE:TGP) Expected to Announce Earnings of $0.33 Per Share

Wall Street analysts expect Teekay LNG Partners L.P. (NYSE:TGP) to post $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Teekay LNG Partners L.P.’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.35. Teekay LNG Partners L.P. reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year over year growth rate of 15.4%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Teekay LNG Partners L.P. will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.28. For the next financial year, analysts anticipate that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.61 to $2.16. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Teekay LNG Partners L.P..

Teekay LNG Partners L.P. (NYSE:TGP) last posted its earnings results on Thursday, August 3rd. The shipping company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.12. Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%. The firm had revenue of $99.91 million for the quarter, compared to analysts’ expectations of $103.31 million.

TGP has been the subject of several recent analyst reports. BidaskClub upgraded shares of Teekay LNG Partners L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. ValuEngine upgraded shares of Teekay LNG Partners L.P. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Teekay LNG Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price objective on shares of Teekay LNG Partners L.P. in a research report on Thursday, July 6th. Finally, TheStreet downgraded shares of Teekay LNG Partners L.P. from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.60.

Institutional investors have recently made changes to their positions in the company. Creative Planning increased its position in shares of Teekay LNG Partners L.P. by 17.4% in the first quarter. Creative Planning now owns 8,619 shares of the shipping company’s stock worth $151,000 after buying an additional 1,275 shares during the last quarter. Spirit of America Management Corp NY increased its position in shares of Teekay LNG Partners L.P. by 0.3% in the first quarter. Spirit of America Management Corp NY now owns 368,456 shares of the shipping company’s stock worth $6,466,000 after buying an additional 1,200 shares during the last quarter. Albert D Mason Inc. boosted its position in Teekay LNG Partners L.P. by 1.1% in the first quarter. Albert D Mason Inc. now owns 16,680 shares of the shipping company’s stock worth $293,000 after buying an additional 180 shares during the period. Beach Investment Counsel Inc. PA boosted its position in Teekay LNG Partners L.P. by 55.6% in the first quarter. Beach Investment Counsel Inc. PA now owns 34,108 shares of the shipping company’s stock worth $599,000 after buying an additional 12,190 shares during the period. Finally, Valmark Advisers Inc. boosted its position in Teekay LNG Partners L.P. by 9.2% in the first quarter. Valmark Advisers Inc. now owns 12,262 shares of the shipping company’s stock worth $215,000 after buying an additional 1,031 shares during the period. Institutional investors own 45.59% of the company’s stock.

Teekay LNG Partners L.P. (NYSE:TGP) opened at 17.80 on Friday. The firm has a 50 day moving average of $16.37 and a 200-day moving average of $17.06. Teekay LNG Partners L.P. has a 12-month low of $10.73 and a 12-month high of $19.90. The stock has a market cap of $1.42 billion, a PE ratio of 7.21 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, August 4th will be given a $0.14 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.56 annualized dividend and a yield of 3.15%. Teekay LNG Partners L.P.’s dividend payout ratio (DPR) is 32.75%.

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About Teekay LNG Partners L.P.

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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