Are Analysts Bearish KNOT Offshore Partners LP (NYSE:KNOP) After Last Week?

Cornelia Mascio
Settembre 26, 2017

They now have $4.00 price target on the shipping company's stock, up from their previous price target of $3.50.

TOO has been the topic of several other reports.

More notable recent Teekay Offshore Partners L.P. (NYSE:TOO) news were published by: Streetinsider.com which released: "Wells Fargo Upgrades Teekay Offshore Partners LP (TOO) to Outperform" on September 14, 2017, also Seekingalpha.com with their article: "How Teekay Offshore Partners LP Got Into This Mess" published on July 21, 2017, Fool.com published: "Here's Why Teekay Offshore Partners LP Is Plunging Today" on May 18, 2017.

Among 6 analysts covering KNOT Offshore Partners (NYSE:KNOP), 2 have Buy rating, 0 Sell and 4 Hold. Morgan Stanley lowered Teekay Corporation from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $8.00 to $3.00 in a research note on Friday, June 9th. Finally, UBS AG lowered shares of Teekay Offshore Partners L.P. from an outperform rating to a market perform rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Teekay Offshore Partners L.P. presently has an average rating of Hold and a consensus price target of $3.95.

Shares of Teekay Offshore Partners L.P. (NYSE:TOO) opened at 2.56 on Thursday. The company's market cap is $759.94 million. In the last earnings report the EPS was $0.57 and is expected to be $0.24 for the current year with 153,858,000 shares outstanding. Peak6 L P has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO). The firm had revenue of $244.60 million for the quarter, compared to analysts' expectations of $270.00 million. During the same quarter previous year, the business earned $0.01 earnings per share. Next quarter's EPS is forecasted to be $0.60 and the next full year EPS is anticipated to be $2.39. California Public Employees Retirement invested 0% in Teekay Offshore Partners L.P. (NYSE:TOO).

WARNING: "Teekay Offshore Partners L.P". The firm earned "Outperform" rating on Thursday, September 14 by Wells Fargo. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & global copyright laws. KCG Holdings Inc. purchased a new position in shares of KNOT Offshore Partners during the first quarter valued at about $223,000. Brookfield Asset Management Inc. now owns 175,207 shares of the shipping company's stock worth $503,000 after acquiring an additional 128,343 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Teekay Offshore Partners L.P.by 55.5% during the second quarter. Janney Montgomery Scott Limited Liability Com invested in 164,549 shares or 0.01% of the stock. Finally, Ballentine Partners LLC bought a new position in KNOT Offshore Partners during the 2nd quarter valued at about $477,000. Bank of America Corp DE now owns 420,180 shares of the shipping company's stock valued at $9,790,000 after acquiring an additional 44,885 shares during the period. FMR LLC raised its holdings in shares of Teekay Offshore Partners L.P.by 2.1% during the second quarter. Naples Global Advisors LLC now owns 15,275 shares of the shipping company's stock valued at $351,000 after purchasing an additional 5,475 shares in the last quarter. Institutional investors and hedge funds own 48.35% of the company's stock.

Teekay Offshore Partners L.P.is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers.

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