Teekay LNG Partners (TGP) received a Buy rating and a $20 price target from Stifel Nicolaus analyst Benjamin Nolan yesterday. The company’s shares closed yesterday at $12.96, close to its 52-week low of $12.20.
According to TipRanks.com, Nolan is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.4% and a 43.1% success rate. Nolan covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Scorpio Tankers Inc, and Golar LNG Partners.
Teekay LNG Partners has an analyst consensus of Moderate Buy, with a price target consensus of $17, implying a 31.2% upside from current levels. In a report issued on November 21, Wells Fargo also reiterated a Buy rating on the stock with a $15 price target.
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Based on Teekay LNG Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $25.56 million. In comparison, last year the company had a GAAP net loss of $18.46 million.
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Teekay LNG Partners LP provides marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. It operates through the Liquefied Gas and Conventional Tanker segments. The Liquefied Gas segment is the transport of liquefied natural gas and liquefied petroleum gas.
