Under the Consideration of Analysts: Teekay Offshore Partners LP (TOO)

Teekay Offshore Partners L.P.

Several analysts recently commented on the company. Janney Montgomery Scott LLC increased its position in shares of Teekay Offshore Partners L.P.by 32.4% in the first quarter. Finally, Creative Planning boosted its stake in shares of Teekay Offshore Partners L.P.by 20.7% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 319,825 shares of the shipping company's stock valued at $4,909,000 after buying an additional 20,039 shares in the last quarter.

City Of London Investment Management Co Ltd holds 4.64% of its portfolio in The India Fund, Inc. for 2.71 million shares. LLC now owns 40,054 shares of the shipping company's stock worth $203,000 after buying an additional 1,487 shares during the period. Avenir Corp raised its position in shares of Teekay Offshore Partners L.P.by 7.7% in the first quarter.

Ratings analysis reveals 50% of Teekay Offshore's analysts are positive. (NYSE:TOO) opened at 2.60 on Friday. The firm's 50-day moving average price is $17.04 and its 200 day moving average price is $17.12.

Over the past five trading sessions shares of Teekay Offshore Partners L.P. (NYSE:TOO) are 5.62%; 8.68% for the month; -43.32% for the last quarter; -54.26% for the past six-months; and -49.52% for the last 12 months. It has a market cap of $1.99 Billion. Moreover, Kcg Hldgs has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO).

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Teekay Corporation (NYSE:TK) last posted its quarterly earnings results on Thursday, August 3rd. As of quarter end Wells Fargo & Company/mn had disposed of 48,518 shares trimming its position 29.3%. The company had revenue of $244.60 million during the quarter, compared to the consensus estimate of $270 million.

As of the latest earnings report the EPS was $-0.08 and is projected to be $0.28 for the current year with 149,718,000 shares outstanding. Breaking that down further, it has performed -14.82% for the week, -6.27% for the month, -13.24% over the last quarter, -35.57% for the past half-year and 24.45% for this a year ago. Equities research analysts predict that Teekay Offshore Partners L.P. will post $0.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be given a dividend of $0.01 per share. The stock stands almost $4.13 off versus the 52-week high of $6.69 and $0.91 above the 52-week low of $1.65. The ex-dividend date is set for Wednesday the 3rd of May 2017. Teekay Offshore Partners L.P.'s payout ratio is 8.16%.

COPYRIGHT VIOLATION WARNING: "Goldman Sachs Group Inc. (TOO)" was reported by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and global trademark & copyright legislation. The legal version of this article can be accessed at https://transcriptdaily.com/2017/08/10/teekay-corporation-nysetk-receives-consensus-rating-of-hold-from-brokerages-updated.html. The rating was maintained by Jefferies with "Hold" on Tuesday, May 30. Zacks Investment Research upgraded shares of Teekay Corporation from a "sell" rating to a "hold" rating in a research report on Wednesday, April 26th. ValuEngine lowered shares of Teekay Offshore Partners L.P. from a "hold" rating to a "sell" rating in a research note on Friday, June 2nd. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned "Underperform" rating by Bank of America on Thursday, December 17. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. The stock's average target of $9 is 246.15% above today's ($2.6) share price. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.

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