Teekay LNG Stock Falls On Unusually High Volume (TGP)
Teekay LNG Partners (NYSE:TGP) is trading at unusually high volume Thursday with 1.9 million shares changing hands. It is currently at 12.5 times its average daily volume and trading down $1.95 (-5.6%).
NEW YORK ( TheStreet) -- Teekay LNG Partners (NYSE: TGP) is trading at unusually high volume Thursday with 1.9 million shares changing hands. It is currently at 12.5 times its average daily volume and trading down $1.95 (-5.6%) at $32.65 as of 10:06 a.m. ET. Teekay LNG has a market cap of $2 billion and is part of the services sector and transportation industry. Shares are down 8.9% year to date as of the close of trading on Wednesday. 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 23.6, below the average transportation industry P/E ratio of 37.9 and above the S&P 500 P/E ratio of 17.7. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.