Teekay LNG Partners LP. TGP was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down roughly 44% in the past one-month time frame.
The company has not seen any estimate revision in the past 30 days and its Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Teekay LNG Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked shipping stock is Dorian LPG Ltd. LPG with a Zacks Rank #1 (Strong Buy).
Is TGP going up? Or down? Predict to see what others think: Up or Down
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