Teekay LNG Partners LP.TGP was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 19.6% in the past one-month time frame.
This shipping industry stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Teekay LNG Partners. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.
Teekay LNG Partners has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
TEEKAY LNG PTNR Price
However, a better-ranked stock in the same space is Gener8 Maritime Inc. GNRT , sporting a Zacks Rank #1 (Strong Buy).