Brokerages expect that Teekay Lng Partners, L.P. (NYSE:TGP) will announce sales of $143.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Teekay Lng Partners’ earnings. The lowest sales estimate is $142.96 million and the highest is $143.14 million. Teekay Lng Partners posted sales of $147.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The business is scheduled to report its next earnings results on Thursday, August 6th.
According to Zacks, analysts expect that Teekay Lng Partners will report full-year sales of $568.82 million for the current financial year, with estimates ranging from $567.45 million to $570.82 million. For the next financial year, analysts anticipate that the company will post sales of $573.96 million, with estimates ranging from $568.43 million to $579.84 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Teekay Lng Partners.
Teekay Lng Partners (NYSE:TGP) last announced its quarterly earnings results on Thursday, May 21st. The shipping company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.08). Teekay Lng Partners had a net margin of 16.60% and a return on equity of 12.35%. The company had revenue of $139.90 million during the quarter, compared to the consensus estimate of $144.54 million. During the same period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new stake in Teekay Lng Partners during the fourth quarter worth about $3,524,000. Credit Suisse AG lifted its position in Teekay Lng Partners by 0.3% during the fourth quarter. Credit Suisse AG now owns 311,665 shares of the shipping company’s stock worth $4,850,000 after purchasing an additional 928 shares during the period. Baldwin Investment Management LLC lifted its position in Teekay Lng Partners by 13.0% during the first quarter. Baldwin Investment Management LLC now owns 27,725 shares of the shipping company’s stock worth $271,000 after purchasing an additional 3,185 shares during the period. Rockefeller Capital Management L.P. lifted its position in Teekay Lng Partners by 333.0% during the first quarter. Rockefeller Capital Management L.P. now owns 9,102 shares of the shipping company’s stock worth $89,000 after purchasing an additional 7,000 shares during the period. Finally, Trexquant Investment LP lifted its position in Teekay Lng Partners by 46.0% during the first quarter. Trexquant Investment LP now owns 36,312 shares of the shipping company’s stock worth $355,000 after purchasing an additional 11,443 shares during the period. 27.79% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE TGP traded down $0.22 during midday trading on Wednesday, reaching $11.28. The company’s stock had a trading volume of 162,100 shares, compared to its average volume of 367,998. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.90. Teekay Lng Partners has a fifty-two week low of $7.00 and a fifty-two week high of $16.74. The stock has a market capitalization of $874.30 million, a price-to-earnings ratio of 12.67 and a beta of 1.53. The stock has a 50 day simple moving average of $11.74 and a 200-day simple moving average of $12.18.
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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