Shares of Teekay Lng Partners, L.P. (NYSE:TGP) were up 5.6% during trading on Tuesday . The stock traded as high as $15.89 and last traded at $15.89, approximately 485,291 shares changed hands during trading. An increase of 110% from the average daily volume of 231,105 shares. The stock had previously closed at $15.05.

A number of research firms have weighed in on TGP. Zacks Investment Research downgraded shares of Teekay Lng Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. TheStreet raised shares of Teekay Lng Partners from a “d+” rating to a “c” rating in a research report on Thursday, August 1st. Finally, ValuEngine downgraded Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 20.91 and a beta of 1.49. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.84. The business has a 50 day moving average price of $14.57 and a 200-day moving average price of $14.47.

Teekay Lng Partners (NYSE:TGP) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $153.10 million for the quarter, compared to analyst estimates of $155.70 million. Teekay Lng Partners had a return on equity of 7.14% and a net margin of 12.72%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. Research analysts anticipate that Teekay Lng Partners, L.P. will post 1.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, August 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.78%. Teekay Lng Partners’s dividend payout ratio is currently 100.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of Teekay Lng Partners by 109.4% during the first quarter. Advisory Services Network LLC now owns 1,633 shares of the shipping company’s stock worth $25,000 after purchasing an additional 853 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Teekay Lng Partners during the 1st quarter worth $30,000. Icon Wealth Partners LLC purchased a new stake in Teekay Lng Partners during the 1st quarter worth $40,000. SeaBridge Investment Advisors LLC lifted its holdings in Teekay Lng Partners by 16.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 7,000 shares of the shipping company’s stock worth $99,000 after buying an additional 1,000 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Teekay Lng Partners by 101.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,889 shares of the shipping company’s stock valued at $126,000 after buying an additional 4,482 shares during the last quarter. Institutional investors own 31.18% of the company’s stock.

About Teekay Lng Partners (NYSE:TGP)

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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