Teekay Lng Partners (NYSE:TGP) Releases FY19 Earnings Guidance

Teekay Lng Partners (NYSE:TGP) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.79. Teekay Lng Partners also updated its FY20 guidance to $2.60-3.10 EPS.

Teekay Lng Partners stock traded up $0.15 during midday trading on Friday, reaching $16.52. The stock had a trading volume of 11,859 shares, compared to its average volume of 265,410. The firm’s fifty day simple moving average is $14.21 and its two-hundred day simple moving average is $14.40. Teekay Lng Partners has a twelve month low of $10.74 and a twelve month high of $16.66. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 21.59 and a beta of 1.53.

Teekay Lng Partners (NYSE:TGP) last posted its quarterly earnings data on Wednesday, November 13th. The shipping company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. The firm had revenue of $149.70 million during the quarter, compared to analyst estimates of $167.28 million. Teekay Lng Partners had a net margin of 12.72% and a return on equity of 7.14%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, sell-side analysts predict that Teekay Lng Partners will post 1.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.60%. Teekay Lng Partners’s dividend payout ratio is currently 100.00%.

TGP has been the topic of a number of recent research reports. ValuEngine downgraded shares of Teekay Lng Partners from a sell rating to a strong sell rating in a report on Tuesday, October 22nd. Zacks Investment Research lowered shares of Teekay Lng Partners from a buy rating to a hold rating and set a $17.00 price target on the stock. in a research report on Saturday, November 2nd. TheStreet upgraded shares of Teekay Lng Partners from a d+ rating to a c rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus restated a buy rating and issued a $20.00 price target on shares of Teekay Lng Partners in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $17.00.

Teekay Lng Partners Company Profile

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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