A number of large investors have recently modified their holdings of TOO. Tudor Investment Corp ET AL purchased a new position in shares of Teekay Corporation during the first quarter valued at about $176,000. Gargoyle Investment Advisor L.L.C. bought a new position in shares of Teekay Corporation during the first quarter valued at $161,000. FMR LLC now owns 8,474,399 shares of the shipping company's stock worth $68,049,000 after buying an additional 2,396,112 shares during the period. FMR LLC boosted its position in Teekay Corporation by 39.4% in the fourth quarter. Atlantic Trust LLC raised its position in shares of Teekay Offshore Partners L.P.by 57.4% in the first quarter.
Now the shares of Teekay Offshore Partners LP (TOO) has the trading volume of 10.9 Million shares with the average trading volume of 2130 shares.
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Teekay president and CEO Kenneth Hvid said: "The combination of Teekay's operational platform and Brookfield's global business platform and access to long-term capital is a complementary fit and creates one of the world's strongest offshore marine infrastructure companies". Teekay Corporation has a 12-month low of $5.14 and a 12-month high of $11.77. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. The company had revenue of $543.50 million during the quarter, compared to analysts' expectations of $497.83 million. After posting $0.37 EPS for the previous quarter, Dynagas LNG Partners LP's analysts now forecast -54.05 % negative EPS growth. As part of the transaction, Teekay Corporation will be co-investing alongside Brookfield and will retain a 14% ownership of Teekay Offshore.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, August 4th will be given a dividend of $0.055 per share. Teekay Corporation's dividend payout ratio is presently -13.41%. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of global trademark & copyright legislation. Teekay Corporation earned a news impact score of 0.56 on Accern's scale. Analysts set a 12-month price target of $19.22 a share. Zacks Investment Research raised Teekay Offshore Partners L.P. from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 10th. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Hold" rating given on Tuesday, May 30 by Jefferies. BidaskClub upgraded Teekay Corporation from a "sell" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus maintained the shares of TGP in report on Thursday, July 6 with "Hold" rating. Finally, Royal Bank Of Canada reiterated a "hold" rating on shares of Teekay Corporation in a report on Tuesday, May 9th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. 1 equities equity analyst has recommended the share with a sell recommendation, four have issued a hold recommendation, two have published a buy recommendation and 1 has given a strong buy recommendation to The corporation.
Teekay LNG Partners L.P.is an global provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. 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. The Firm is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the activities in the offshore production, storage and transportation sector.