Teekay Lng Partners (NYSE:TGP) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Teekay Lng Partners (NYSE:TGP) released its quarterly earnings results on Thursday. The shipping company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.08), Briefing.com reports. The company had revenue of $139.90 million during the quarter, compared to analysts’ expectations of $144.54 million. Teekay Lng Partners had a return on equity of 12.09% and a net margin of 16.60%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS.

Shares of NYSE:TGP opened at $11.53 on Friday. Teekay Lng Partners has a 1 year low of $7.00 and a 1 year high of $16.74. The business has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $12.85. The firm has a market capitalization of $893.68 million, a PE ratio of 5.65 and a beta of 1.56. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.81.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from Teekay Lng Partners’s previous quarterly dividend of $0.19. Teekay Lng Partners’s payout ratio is 55.87%.

Several research analysts recently commented on the company. ValuEngine lowered Teekay Lng Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Zacks Investment Research lowered Teekay Lng Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th.

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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Earnings History for Teekay Lng Partners (NYSE:TGP)

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