Teekay LNG Partners LP (NYSE:TGP) Sees Significantly Lower Trading Volume

Tuesday, 17 Oct, 2017

Golar LNG Limited now has a consensus price target of $34.67, suggesting a potential upside of 66.51%.

Fidelity National Financial Inc. holds 25.41% of its portfolio in Fidelity National Information Servcs Inc for 1.30 million shares.

Let's take a look at how the stock has been performing recently. Teekay LNG Partners L.P. (NYSE:TGP) has risen 9.88% since October 15, 2016 and is uptrending. The value of the investment in (TK) increased from $163,000 to $225,000 a change of 38.0% since the last quarter. Comparatively, 38.1% of Teekay LNG Partners L.P. shares are owned by institutional investors. Voya Investment Management LLC now owns 22,518 shares of the shipping company's stock valued at $150,000 after buying an additional 4,617 shares during the period. Alliancebernstein L.P. now owns 13,333 shares of the shipping company's stock worth $205,000 after buying an additional 746 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in Teekay LNG Partners L.P. during the 2nd quarter valued at $249,000. RSI or Relative Strength Index is a momentum indicator that technical investors use along with other factors in trying to determine the short term direction of a stock.

Over the past 50 days, Teekay Corporation stock's -13.44% off of the high and 4.13% removed from the low. (TGP) opened at 18.35 on Friday. Teekay LNG Partners L.P.

It is now trading at $8.94 a tad under the 50 day moving average of $9.01 and a tad higher than the 200 day moving average of $8.15.

The company's P/E ratio is 10.71 and the market cap of the company is 1.46B. Susquehanna Intl Grp Inc Llp invested in 0% or 165,989 shares. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $503.65 million. They expect $0.04 earnings per share, up 300.00% or $0.06 from last year's $-0.02 per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, November 3rd will be issued a $0.055 dividend. This dividend represents a yield of $2.47 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Thursday, November 2nd. Teekay LNG Partners L.P. pays out 32.7% of its earnings in the form of a dividend.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and global copyright and trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/stifel-nicolaus-reaffirms-hold-rating-for-teekay-lng-partners-l-p-tgp/1715493.html. BidaskClub upgraded Teekay LNG Partners L.P. from a "strong sell" rating to a "sell" rating in a report on Friday, June 30th. Park West Asset Limited Liability Corporation has invested 0.43% in Teekay Offshore Partners L.P. (NYSE:TOO). RBC Capital Markets maintained the stock with "Sector Perform" rating in Thursday, August 13 report. After $0.07 actual earnings per share reported by Teekay Offshore Partners L.P. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth. ValuEngine upgraded Teekay Corporation from a "sell" rating to a "hold" rating in a research report on Thursday, July 20th.

This is a breakdown of recent ratings and target prices for Golar LNG Limited and Teekay LNG Partners L.P., as provided by MarketBeat.

Teekay LNG Partners L.P., launched on November 3, 2004, is an global 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.