Teekay LNG Stock Hits New 52-Week Low (TGP)

NEW YORK ( TheStreet) -- Teekay LNG Partners (NYSE: TGP) hit a new 52-week low Tuesday as it is currently trading at $28.70, below its previous 52-week low of $28.81 with 68,536 shares traded as of 10 a.m. ET. Average volume has been 149,400 shares over the past 30 days.

Teekay LNG has a market cap of $1.8 billion and is part of the services sector and transportation industry. Shares are down 20.8% year to date as of the close of trading on Monday.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas, and crude oil worldwide. The company has a P/E ratio of 21.3, below the average transportation industry P/E ratio of 34.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Teekay LNG as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Teekay LNG Ratings Report.

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