Analysts’ recommendations

Ten analysts gave recommendations on Teekay LNG Partners (TGP). Of the analysts, 40% are bullish on the stock—two analysts gave a “strong buy” recommendation, while two analysts gave a “buy” recommendation. Meanwhile, 60% of the analysts (or six analysts) gave a “hold” rating. None of the analysts gave a “strong sell” or “sell” rating to Teekay LNG Partners. None of the analysts are bearish on GasLog Partners (GLOP), Hoegh LNG Partners (HMLP), Dynagas LNG Partners (DLNG), and Golar LNG (GLNG).

Teekay Tankers: Analysts’ Recommendations in December

Target price

On November 13, 2017, JPMorgan Chase reduced the target price for GasLog Partners to $22 from $23. On November 10, 2017, UBS reduced the target price to $24 from $26. Stifel raised the target price to $18 from $16. Jefferies raised the target price to $18 from $16.

The 12-month consensus target price for GasLog Partners is $19.78. Based on its price of $17.8 on December 8, 2017, the target implies a potential return of 11.1%.

3Q17 highlights

Teekay LNG Partners reported its third-quarter results in November 2017. The company reported a net loss of $18.9 million. In 3Q17, the company generated a distributable cash flow of $40.2 million or $0.5 per common unit. As of September 30, 2017, Teekay LNG Partners has a total liquidity of $415 million. In October and November 2017, the company took delivery of two LNG carrier newbuilds and a 30% owned LNG (UNG) carrier newbuild. All of these vessels will immediately start its charter contract with Shell for a period ranging between six and 20 years. In November 2017, Teekay LNG Partners completed $327 million of new long-term financings for its growth projects.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.59.107