Teekay LNG Partners L.P. (TGP) is Initiated by Stifel to Hold, Price Target at $14.50

Teekay LNG Partners L.P. (TGP) was Initiated by Stifel to “Hold” and the brokerage firm has set the Price Target at $14.50. Stifel advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Teekay LNG Partners L.P.. Stifel Initiated Teekay LNG Partners L.P. on Nov 21, 2016 to “Hold”, Price Target of the shares are set at $14.50.Teekay LNG Partners L.P. was Upgraded by Wells Fargo to ” Outperform” on Sep 9, 2016.

Teekay LNG Partners L.P. opened for trading at $13.5 and hit $14.15 on the upside on Monday, eventually ending the session at $14.05, with a gain of 4.85% or 0.65 points. The heightened volatility saw the trading volume jump to 2,94,839 shares. Company has a market cap of $1,118 M.

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.

Teekay LNG Partners L.P.

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