Teekay LNG Partners L.P. with ticker code (TGP) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 19 and 11 with the average target price sitting at 14.29. Given that the stocks previous close was at 11.39 this would indicate that there is a potential upside of 25.5%. The 50 day moving average now sits at 10.72 and the 200 moving average now moves to 11.26. The market cap for the company is $1,049m. Company Website: http://www.teekay.com
The potential market cap would be $1,316m based on the market concensus.
Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in LNG and LPG segments. The company transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. As of December 31, 2019, it had a fleet of 49 LNG carriers and 30 LPG/multi-gas carriers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was founded in 2004 and is based in Hamilton, Bermuda.
