Teekay LNG Partners L.P. (TGP) Reaches $21.25 52-Week High; Blackrock Global Opportunities Equity Trust (BOE) Has 0.97 Sentiment

January 14, 2018 - By Ellis Scott

The stock increased 0.37% or $0.05 during the last trading session, reaching $12.96. About 201,859 shares traded. BlackRock Enhanced Global Dividend Trust (BOE) has risen 12.43% since January 14, 2017 and is uptrending. It has underperformed by 4.27% the S&P500.

The stock of Teekay LNG Partners L.P. (NYSE:TGP) hit a new 52-week high and has $22.95 target or 8.00% above today’s $21.25 share price. The 7 months bullish chart indicates low risk for the $1.69B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $22.95 price target is reached, the company will be worth $135.36 million more. The stock increased 2.91% or $0.6 during the last trading session, reaching $21.25. About 336,602 shares traded or 41.93% up from the average. Teekay LNG Partners L.P. (NYSE:TGP) has risen 9.88% since January 14, 2017 and is uptrending. It has underperformed by 6.82% the S&P500.

Analysts await Teekay LNG Partners L.P. (NYSE:TGP) to report earnings on February, 22. They expect $0.30 earnings per share, up 36.36% or $0.08 from last year’s $0.22 per share. TGP’s profit will be $23.89 million for 17.71 P/E if the $0.30 EPS becomes a reality. After $0.23 actual earnings per share reported by Teekay LNG Partners L.P. for the previous quarter, Wall Street now forecasts 30.43% EPS growth.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas , liquefied petroleum gas (LPG), and crude oil worldwide. The company has market cap of $1.69 billion. The firm operates through two divisions, Liquefied Gas and Conventional Tanker. It has a 25.95 P/E ratio. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia.

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