Teekay LNG Partners L.P Stock Hits New 52-Week High (TGP)

NEW YORK ( TheStreet) -- Teekay LNG Partners L.P (NYSE: TGP) hit a new 52-week high Friday as it is currently trading at $41.19, above its previous 52-week high of $40.44 with 138,830 shares traded as of 10:09 a.m. ET. Average volume has been 179,600 shares over the past 30 days.

Teekay LNG Partners L.P has a market cap of $2.58 billion and is part of the services sector and transportation industry. Shares are up 20.9% year to date as of the close of trading on Thursday.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company has a P/E ratio of 29.9, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teekay LNG Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. 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 Partners L.P Ratings Report.

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