Is there a Bearish outlook for Teekay LNG Partners L.P. (NYSE:TGP) this week?

January 14, 2018 - By Maria Brooks

 Is there a Bearish outlook for Teekay LNG Partners L.P. (NYSE:TGP) this week?

Teekay LNG Partners L.P. (NYSE:TGP) Ratings Coverage

Among 7 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Teekay LNG Partners L.P. had 22 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Friday, June 16 report. The stock has “Hold” rating by Jefferies on Monday, July 3. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 17. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Hold” rating by Jefferies on Tuesday, September 5. The stock has “Hold” rating by Jefferies on Friday, August 4. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 12. Zacks downgraded the stock to “Hold” rating in Thursday, August 6 report. The firm has “Outperform” rating given on Friday, September 9 by Wells Fargo. The stock has “Neutral” rating by Seaport Global Securities on Thursday, December 17. The firm earned “Buy” rating on Tuesday, June 14 by UBS. Below is a list of Teekay LNG Partners L.P. (NYSE:TGP) latest ratings and price target changes.

18/12/2017 Broker: Jefferies Rating: Hold New Target: $18.0 Initiate
10/11/2017 Broker: UBS Rating: Buy Old Target: $26 New Target: $24 Maintain
12/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $16.0 Maintain
07/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $16.0 Maintain
05/09/2017 Broker: Jefferies Rating: Hold New Target: $16.0 Maintain
04/08/2017 Broker: Jefferies Rating: Hold New Target: $16.0000 Maintain

The stock increased 2.91% or $0.6 during the last trading session, reaching $21.25. About 336,602 shares traded or 41.93% up from the average. Teekay LNG Partners L.P. (NYSE:TGP) has risen 9.88% since January 14, 2017 and is uptrending. It has underperformed by 6.82% the S&P500.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas , liquefied petroleum gas (LPG), and crude oil worldwide. The company has market cap of $1.69 billion. The firm operates through two divisions, Liquefied Gas and Conventional Tanker. It has a 25.95 P/E ratio. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

More notable recent Teekay LNG Partners L.P. (NYSE:TGP) news were published by: Seekingalpha.com which released: “Teekay: Clear Pathway To Major Gains” on January 08, 2018, also Seekingalpha.com with their article: “Teekay LNG Partners’ (TGP) CEO Mark Kremin on Q3 2017 Results – Earnings Call …” published on November 09, 2017, Seekingalpha.com published: “Teekay LNG Partners LP: This 8.50% Fixed-To-Floating Preferred Stock Started …” on October 26, 2017. More interesting news about Teekay LNG Partners L.P. (NYSE:TGP) were released by: Seekingalpha.com and their article: “Teekay Is Set For A Record Year” published on December 13, 2017 as well as Globenewswire.com‘s news article titled: “Teekay LNG Partners Secures Long-Term Financing for Yamal ARC7 LNG Carriers” with publication date: December 11, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.