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How to buy Teekay Lng Partners shares | $10.9

Own Teekay Lng Partners shares in just a few minutes.

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Teekay LNG Partners L.P is an oil & gas midstream business with stocks listed in the US. Teekay Lng Partners shares (TGP) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$10.9 – an increase of 0.74% over the previous week.

How to buy shares in Teekay Lng Partners

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Teekay Lng Partners. Find the share by name or ticker symbol: TGP. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Teekay Lng Partners reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$10.9, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Teekay Lng Partners, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Teekay Lng Partners. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Teekay Lng Partners's share price?

Since the stock market crash in March caused by coronavirus, Teekay Lng Partners's share price has had significant negative movement.

Its last market close was US$10.9, which is 13.63% down on its pre-crash value of US$12.62 and 55.71% up on the lowest point reached during the March crash when the shares fell as low as US$7.

If you had bought US$1,000 worth of Teekay Lng Partners shares at the start of February 2020, those shares would have been worth US$622.48 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$839.74.

Teekay Lng Partners share price

Use our graph to track the performance of TGP stocks over time.

Teekay Lng Partners shares at a glance

Information last updated 2020-09-20.
Latest market closeUSD$10.9
52-week rangeUSD$7 - USD$16.74
50-day moving average USD$11.4188
200-day moving average USD$11.0629
Target priceUSD$14.29
PE ratio 8.6614
Dividend yield USD$1 (9.09%)
Earnings per share (TTM) USD$1.258

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Is it a good time to buy Teekay Lng Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Teekay Lng Partners price performance over time

Historical closes compared with the last close of $10.9

1 week (2020-09-11) 0.55%
1 month (2020-08-21) -5.22%
3 months (2020-06-19) -14.91%
6 months (2020-03-19) 36.08%
1 year (2019-09-19) -31.23%
2 years (2018-09-19) -27.09%
3 years (2017-09-19) -36.26%
5 years (2015-09-18) -58.48%

Is Teekay Lng Partners under- or over-valued?

Valuing Teekay Lng Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Teekay Lng Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Teekay Lng Partners's P/E ratio

Teekay Lng Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Teekay Lng Partners shares trade at around 9x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Teekay Lng Partners's PEG ratio

Teekay Lng Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.55. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Teekay Lng Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Teekay Lng Partners's EBITDA

Teekay Lng Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$397.3 million (£0.0 million).

The EBITDA is a measure of a Teekay Lng Partners's overall financial performance and is widely used to measure a its profitability.

Teekay Lng Partners financials

Revenue TTM US$586.5 million
Operating margin TTM 47.45%
Gross profit TTM US$448.3 million
Return on assets TTM 3.36%
Return on equity TTM 7.91%
Profit margin 21.26%
Book value 15.316
Market capitalisation US$950.7 million

TTM: trailing 12 months

Shorting Teekay Lng Partners shares

There are currently 425,492 Teekay Lng Partners shares held short by investors – that's known as Teekay Lng Partners's "short interest". This figure is 50% down from 850,702 last month.

There are a few different ways that this level of interest in shorting Teekay Lng Partners shares can be evaluated.

Teekay Lng Partners's "short interest ratio" (SIR)

Teekay Lng Partners's "short interest ratio" (SIR) is the quantity of Teekay Lng Partners shares currently shorted divided by the average quantity of Teekay Lng Partners shares traded daily (recently around 215985.78680203). Teekay Lng Partners's SIR currently stands at 1.97. In other words for every 100,000 Teekay Lng Partners shares traded daily on the market, roughly 1970 shares are currently held short.

However Teekay Lng Partners's short interest can also be evaluated against the total number of Teekay Lng Partners shares, or, against the total number of tradable Teekay Lng Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Teekay Lng Partners's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Teekay Lng Partners shares in existence, roughly 0 shares are currently held short) or 0.0069% of the tradable shares (for every 100,000 tradable Teekay Lng Partners shares, roughly 7 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Teekay Lng Partners.

Find out more about how you can short Teekay Lng Partners stock.

Teekay Lng Partners share dividends

65%

Dividend payout ratio: 64.57% of net profits

Recently Teekay Lng Partners has paid out, on average, around 64.57% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.09% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Teekay Lng Partners shareholders could enjoy a 9.09% return on their shares, in the form of dividend payments. In Teekay Lng Partners's case, that would currently equate to about $1 per share.

Teekay Lng Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Teekay Lng Partners's most recent dividend payout was on 13 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 29 July 2020 (the "ex-dividend date").

Teekay Lng Partners share price volatility

Over the last 12 months, Teekay Lng Partners's shares have ranged in value from as little as US$7 up to US$16.74. A popular way to gauge a stock's volatility is its "beta".

TGP.US volatility(beta: 1.45)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Teekay Lng Partners's is 1.447. This would suggest that Teekay Lng Partners's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Teekay Lng Partners overview

Teekay LNG Partners L.P. provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. It operates in LNG and LPG segments. The company transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. As of December 31, 2019, it had a fleet of 49 LNG carriers and 30 LPG/multi-gas carriers. Teekay GP L.L.C. serves as the general partner of the company. Teekay LNG Partners L.P. was founded in 2004 and is based in Hamilton, Bermuda.

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