Company Shares of Teekay LNG Partners L.P. Drops by -5.58%

Teekay LNG Partners L.P. (NYSE:TGP) has tumbled 5.58% during the past week and has dropped 17.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.45%. Teekay LNG Partners L.P. (NYSE:TGP) has underperformed the index by 18.51% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Teekay LNG Partners L.P. (NYSE:TGP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.70 and $10.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.67, notching a gain of 10.09% for the day. The total traded volume was 2,040,627 . The stock had closed at $10.60 on the previous day.

The company shares have dropped -65.39% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $34.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.44 and the 200 Day Moving Average price is recorded at $12.90.

Many analysts have stated their opinion on the company shares. Major Brokerage house, UBS maintains its ratings on Teekay LNG Partners L.P. (NYSE:TGP). In the latest research report, UBS lowers the target price from $21 per share to $15 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 14, 2016. Institutional Investors own 49.26% of Teekay LNG Partners L.P. shares.

Teekay LNG Partners L.P. (Teekay LNG Partners) is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay LNG Partners operates through two segments: its liquefied gas segment and its conventional tanker segment. The liquefied gas segment consists of LNG and LPG or multigas carriers, which generally operate under long-term, fixed-rate charters to international energy companies and Teekay Corporation. The conventional tanker segment consists of seven Suezmax-class crude oil tankers and one Handymax product tanker. The Companys fleet, excluding newbuildings, consists of around 29 LNG carriers, including six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers; approximately 21 LPG carriers, including 15 Exmar LPG Carriers; around seven Suezmax-class crude oil tankers, and one Handymax product tanker.

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