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For today's edition of our upgrade list, we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Teekay LNG Partners LP (NYSE:TGP) is our top-rated upgrade this week and it is a STRONG BUY. The other components of our top-five this week are also rated STRONG BUY.
Below is today's data on Teekay LNG Partners L.P.:
Teekay LNG Partners L.P. is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector. Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services under long-term, fixed-rate contracts with major energy and utility companies through its fleet of seven LNG carriers and five Suezmax class crude oil tankers.
ValuEngine Recommendation: ValuEngine updated its recommendation from BUY to STRONG BUY for Teekay LNG Partners on 2016-12-19. Based on the information we have gathered and our resulting research, we feel that Teekay LNG Partners has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Book Market Ratio.
