The market has been high on Teekay Lng Partners, L.P. Common Stock (TGP) stock recently. TGP gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TGP Stock Today?
Teekay Lng Partners, L.P. Common Stock (TGP) stock has fallen -1.41% while the S&P 500 is higher by 1.44% as of 3:16 PM on Wednesday, Jan 20. TGP is down -$0.19 from the previous closing price of $13.45 on volume of 191,608 shares. Over the past year the S&P 500 has gained 16.05% while TGP is down -10.28%. TGP earned $1.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.95.
More About Teekay Lng Partners, L.P. Common Stock
Teekay LNG Partners LP is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into three segments namely LNG (Liquefied natural gas), LPG (Liquefied Petroleum Gas) and Conventional tanker. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time-charter, voyage charter, and bareboat charter contract.