How Have Insiders Been Trading Teekay LNG Partners L.P. (TGP) Stock?

Teekay LNG Partners L.P. (NYSE:TGP) saw a downside of -0.12% to close Tuesday at $17.13 after subtracting -$0.02 on the day. The 5-day average trading volume is 1,266,260 shares of the company’s common stock. It has gained $17.20 in the past week. An average of 1,241,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 747,020.

TGP’s 1-month performance is 2.88% or $0.58 on its low of $14.67 reached on 09/20/21. The company’s shares have touched a 52-week low of $10.12 and high of $17.24, with the stock’s rally to the 52-week high happening on 10/04/21. YTD, TGP has achieved 49.48% or $5.67. However, the current price is down -0.64%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 477.06 and a low of 3.845. TGP stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.46 while the price-to-book (PB) in the most recent quarter is 0.85, with the price to cash flow ratio at 10.39.

Teekay LNG Partners L.P. pays an annual dividend of $1.15 per share. Its dividend yield is 6.71% and the payout ratio is 48.20%. TGP’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.2870 a share compared with prior rate of $0.2875, down -0.17% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.0005 reported on Friday July 16 2021. Measured over the last 3 years, the Dividend has been growing by 67.86% yearly.

It is projected that Teekay LNG Partners L.P.’s next ex-dividend date will be on 1-Nov. TGP is expected to distribute $0.2875 as its next dividend.

Teekay LNG Partners L.P.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.40 meaning that TGP stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.30, while the total debt to equity was 1.55. In terms of profitability, the gross margin trailing 12 months is 96.10%. The trailing 12-month EBITDA margin is 68.83% while for the period ending June 29; Teekay LNG Partners L.P.’s operating margin was 44.70%. The firm’s gross profit as reported stood at $433.75 million against revenue of $591.1 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -1.72% to $591.1 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TGP to announce $0.63 per share in earnings in its latest quarter, but it posted $0.57, representing a -9.50% surprise. EBITDA for the quarter stood at more than $98.48 million. TGP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.94 billion, with total debt at $2.79 billion

Technical Picture

Let’s look briefly at Teekay LNG Partners L.P. (TGP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 71.38% to suggest the stock is trending Overbought, with historical volatility in this time period at 44.45%.

The stock’s 5-day moving average is $17.12, reflecting a +0.18% or $0.03 change from its current price. TGP is currently trading +5.55% above its 20-day SMA, +12.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.71% and +52.54% respectively.

Stochastic %K and %D was 94.87% and 94.94% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 66.96%, while the 14-day stochastic is at 94.12% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at 0.34 and 0.75 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Teekay LNG Partners L.P. (NYSE: TGP), B. Riley FBR launched coverage with a Buy rating. Analysts offering their rating for TGP stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate TGP as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is TGP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $14.00 and a high of $21.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Teekay LNG Partners L.P. (TGP) stock is $17.00.

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