What Are Analysts Report About Teekay Offshore Partners LP (TOO)

Cornelia Mascio
Novembre 14, 2017

UBS AG now has a buy rating on the shipping company's stock.

A number of other equities analysts also recently issued reports on the company. UBS AG decreased their price target on shares of Teekay LNG Partners L.P. from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Friday. RBC Capital Markets maintained Teekay Offshore Partners L.P. (NYSE:TOO) on Thursday, December 17 with "Sector Perform" rating. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned "Hold" rating by Jefferies on Tuesday, September 5. ValuEngine downgraded Teekay LNG Partners L.P. from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Earnings surprises can have a huge impact on a company's stock price. According to these analysts, the Low Revenue Estimate for Teekay Offshore Partners LP is 268.63 Million and the High Revenue Estimate is 275.46 Million. (TGP) traded down $0.05 during midday trading on Friday, hitting $18.00. The company's stock had a trading volume of 169,900 shares, compared to its average volume of 304,779.

The company's quick ratio for most recent quarter is 0.5 along with current ratio for most recent quarter of 0.5.

Teekay LNG Partners L.P.is an worldwide well-known provider of marine transportation services for liquefied natural gas, liquefied petroleum gas (LPG) and crude oil. The stock has a market cap of $1,433.28, a price-to-earnings ratio of 20.69 and a beta of 1.26.

While looking at the Stock's Performance, Teekay Offshore Partners LP now shows a Weekly Performance of -6.39%, where Monthly Performance is -6.04%, Quarterly performance is -1.58%, 6 Months performance is -43.79% and yearly performance percentage is -55.46%. If you are accessing this piece on another site, it was illegally copied and republished in violation of USA and global trademark & copyright legislation.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 2nd. Teekay LNG Partners L.P.'s dividend payout ratio is now 68.29%. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Virtu KCG Holdings LLC purchased a new position in shares of Teekay LNG Partners L.P. during the second quarter worth $249,000. The company reported the earnings of $1.88/Share in the last quarter where the estimated EPS by analysts was $0.04/share. Toronto Dominion Bank increased its stake in shares of Teekay LNG Partners L.P.by 103.7% in the 3rd quarter. CNH Partners LLC now owns 20,519 shares of the shipping company's stock worth $315,000 after acquiring an additional 200 shares during the last quarter. Finally, Trust Asset Management LLC boosted its stake in Teekay LNG Partners L.P.by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,855 shares of the shipping company's stock worth $581,000 after buying an additional 8,794 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Teekay LNG Partners L.P.by 5.9% during the second quarter. After a recent check, it is observed that the insiders for the firm now own 42.60% shares.

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