Analysts’ ratings

According to Reuters, the consensus rating for Teekay LNG Partners is 2.4 (buy) on a scale of one (strong buy) to five (strong sell). Another LNG (UNG) carrier company, Höegh LNG Partners (HMLP) has a consensus rating of 1.44 (strong buy). Dynagas LNG Partners (DLNG) and GasLog (GLOG) have a consensus rating of 2.5 and 1.93, respectively.

Teekay LNG Partners: Analysts’ Recommendations before 4Q17

Analysts’ recommendations

Ten analysts gave recommendations on Teekay LNG Partners (TGP). Out of these, 40% of the analysts are bullish—two analysts recommended a “strong buy” and two analysts recommended a “buy” on the stock. Meanwhile, 60% of the analysts recommended “hold” on Teekay LNG Partners. For Golar LNG (GLNG), 93% of the analysts are bullish. For GasLog (GLOG) and Höegh LNG Partners (HMLP) 78% and 100% of the analysts are bullish, respectively.

Target price

The consensus 12-month target price for Teekay LNG Partners (TGP) is $19.78, which implies a potential downside of 6.0% from the market price of $21.05 on January 19, 2018.

Revenue and earnings estimates

Analysts estimate that Teekay LNG Partners’ 4Q17 revenue will be $114.9 million, which is 10% higher than $104.2 million in 3Q17. The revenue for 2017 is estimated at $420.9 million, which is 6.1% higher than $396.4 million in 2016.

In 2018, Teekay LNG Partners’ revenue is expected to rise to $528 million. Analysts’ 4Q17 EBITDA (earnings before interest, tax, depreciation, and amortization) estimate is $82.5 million, which is a rise of 12.5% from $73.3 million reported in 3Q17. For fiscal 2017, the EBITDA estimate stands at $292 million, which is 1.5% higher than the EBITDA of $287.0 million in 2016.

Latest articles

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

Bad news on the trade war front appears to have led to a fall in the broader US equity markets today. Cannabis ETFs were also trading in the red.

Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).

Software-as-a-service company Datadog (DDOG) made a smashing debut on Wall Street yesterday. After its IPO, DDOG's shares surged 40% in intraday trading.