Teekay LNG Partners (NYSE:TGP) had its target price increased by investment analysts at B. Riley from $15.50 to $17.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the shipping company’s stock. B. Riley’s price target would indicate a potential upside of 14.32% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Teekay LNG Partners from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Friday, January 29th. Zacks Investment Research upgraded Teekay LNG Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 30th.
Shares of NYSE TGP opened at $14.87 on Friday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.40 and a beta of 1.35. The business has a 50 day simple moving average of $14.83 and a 200 day simple moving average of $13.11. Teekay LNG Partners has a 52 week low of $10.06 and a 52 week high of $15.51. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.45 and a current ratio of 0.45.
A number of institutional investors and hedge funds have recently made changes to their positions in TGP. Vanguard Capital Wealth Advisors bought a new stake in Teekay LNG Partners during the fourth quarter valued at about $356,000. Koshinski Asset Management Inc. bought a new stake in Teekay LNG Partners during the 4th quarter valued at approximately $164,000. WealthTrust Axiom LLC acquired a new stake in Teekay LNG Partners in the 4th quarter valued at approximately $237,000. NBW Capital LLC bought a new position in Teekay LNG Partners in the 4th quarter worth approximately $3,328,000. Finally, HighTower Advisors LLC acquired a new position in shares of Teekay LNG Partners during the fourth quarter worth approximately $702,000. Hedge funds and other institutional investors own 23.07% of the company’s stock.
About Teekay LNG Partners
Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in two segments, LNG and LPG. The company transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.
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