Teekay LNG Partners L.P. (NYSE:TGP) marine transportation services provider, is reporting third quarter earnings results on Thursday 12th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.56 per share.
For the full year, analysts predict revenues of $ 576.26 million, while looking forward to income of $ 2.54 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.60 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of Teekay LNG Partners L.P.
Previous Quarter Performance
Teekay LNG Partners L.P. posted income for the second quarter of $ 0.67 per share, from the revenue of $ 148.21 million. According to street consensus, TGP was expected to report 2Q20 income of $ 0.66 per share from revenue of $ 142.47 million. The bottom line results beat street analysts by $ 0.01 or 1.52 percent, at the same time, top line results outshined analysts by $ 5.74 million or 4.03 percent.
Stock Performance
Shares of Teekay LNG Partners L.P. traded up $ 0.67 or 5.88 percent on Wednesday, reaching $ 12.06 with volume of 1.30 million shares. Teekay LNG Partners L.P. has traded high as $ 12.25 and has cracked $ 11.40 on the downward trend
The closing price of $ 12.06, representing a 62.71 % increase from the 52 week low of $ 7.00 and a 31.96 % decrease over the 52 week high of $ 16.74.
The company has a market capital of $ 1.05 billion and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by B. Riley at Buy rating, with $ 13.00 target price.
Conference Call
Teekay LNG Partners L.P. will be hosting a conference call at 11:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1 800 367 2403 Toll Free, (United States) or 1 647 490 5367 Toll Number, and the passcode is 6710573 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.teekay.com
Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company operates through three segments: The Liquefied Natural Gas, The Liquefied Petroleum Gas, and The Conventional Tanker.
