Teekay Lng Partners, L.P. (NYSE:TGP) Short Interest Up 18.9% in January

Teekay Lng Partners, L.P. (NYSE:TGP) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 326,200 shares, a growth of 18.9% from the January 15th total of 274,400 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 258,500 shares, the short-interest ratio is presently 1.3 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA lifted its stake in shares of Teekay Lng Partners by 5.4% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,298,578 shares of the shipping company’s stock valued at $20,206,000 after purchasing an additional 66,657 shares in the last quarter. Morgan Stanley lifted its stake in shares of Teekay Lng Partners by 37.0% in the 2nd quarter. Morgan Stanley now owns 356,705 shares of the shipping company’s stock valued at $5,030,000 after purchasing an additional 96,278 shares in the last quarter. Credit Suisse AG lifted its stake in shares of Teekay Lng Partners by 0.3% in the 4th quarter. Credit Suisse AG now owns 311,665 shares of the shipping company’s stock valued at $4,850,000 after purchasing an additional 928 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Teekay Lng Partners by 298.6% in the 4th quarter. Renaissance Technologies LLC now owns 309,872 shares of the shipping company’s stock valued at $4,822,000 after purchasing an additional 232,140 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its stake in shares of Teekay Lng Partners by 2.5% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 179,658 shares of the shipping company’s stock valued at $2,749,000 after purchasing an additional 4,325 shares in the last quarter. 29.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TGP traded down $0.07 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 155,189 shares, compared to its average volume of 302,377. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.02 and a beta of 1.59. Teekay Lng Partners has a 1-year low of $12.47 and a 1-year high of $16.74. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average price of $14.33 and a 200 day moving average price of $14.67.

Teekay Lng Partners (NYSE:TGP) last released its quarterly earnings data on Wednesday, November 13th. The shipping company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. The business had revenue of $149.70 million for the quarter, compared to analyst estimates of $167.28 million. Teekay Lng Partners had a return on equity of 9.24% and a net margin of 15.72%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts forecast that Teekay Lng Partners will post 1.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Thursday, January 30th. Teekay Lng Partners’s dividend payout ratio is currently 100.00%.

TGP has been the topic of several research analyst reports. ValuEngine raised Teekay Lng Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Teekay Lng Partners in a research note on Thursday, November 14th. Finally, Zacks Investment Research lowered Teekay Lng Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th.

About Teekay Lng Partners

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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