Teekay LNG Partners L.P. (TGP) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Sep 9, 2016.
Teekay LNG Partners L.P. closed down -0.23 points or -1.69% at $13.35 with 341,542 shares getting traded on Wednesday. Post opening the session at $13.56, the shares hit an intraday low of $13.32 and an intraday high of $13.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 Company’s 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.