Is Teekay LNG Partners (NYSE:TGP) Worth Your Time and Dime Following a Stifel Nicolaus Upgrade?

Teekay LNG Partners L.P. (NYSE:TGP) Logo

Teekay LNG Partners (NYSE:TGP) Stock Upgrade

Shares of Teekay LNG Partners (NYSE:TGP) stock were increased to a Buy by stock analysts at Stifel Nicolaus, who now have a PT set at $20.0000 on TGP. This target is 47.71 % from TGP’s current share price.

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

Among 4 analysts covering Teekay LNG Partners (NYSE:TGP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Teekay LNG Partners has $17.5 highest and $1500 lowest target. $16.50’s average target is 21.86% above currents $13.54 stock price. Teekay LNG Partners had 4 analyst reports since June 13, 2018 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Buy” on Wednesday, November 21. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has “Buy” rating given on Wednesday, November 28 by Stifel Nicolaus. Morgan Stanley maintained Teekay LNG Partners L.P. (NYSE:TGP) rating on Wednesday, June 13. Morgan Stanley has “Equal-Weight” rating and $17.5 target.

The stock increased 0.22% or $0.03 during the last trading session, reaching $13.54. About 332,305 shares traded. Teekay LNG Partners L.P. (NYSE:TGP) has declined 10.95% since December 2, 2017 and is downtrending. It has underperformed by 26.57% 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 $1.08 billion. The firm operates through two divisions, Liquefied Gas and Conventional Tanker. It has a 29.89 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: Globenewswire.com which released: “Teekay Group Announces Third Quarter 2018 Earnings Results Conference Calls – GlobeNewswire” on October 26, 2018, also Globenewswire.com with their article: “Teekay LNG Partners Establishes New Multigas Pool – GlobeNewswire” published on November 15, 2017, Seekingalpha.com published: “Q3 2018 MLP Distribution Recap: With Q3 Cuts Behind Us, How Will Current Trends Affect Future Distributions? – Seeking Alpha” on November 28, 2018. More interesting news about Teekay LNG Partners L.P. (NYSE:TGP) were released by: Seekingalpha.com and their article: “Teekay LNG Partners LP: This 8.50% Fixed-To-Floating Preferred Stock Started Trading On The NYSE – Seeking Alpha” published on October 26, 2017 as well as Seekingalpha.com‘s news article titled: “Teekay LNG Partners: Last Chance To Buy Under $20? – Seeking Alpha” with publication date: September 27, 2018.

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

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.