Teekay Offshore Partners LP (TOO) Receives Consensus Rating of "Hold" from Analysts


Airain ltd now owns 167,745 shares of the shipping company's stock valued at $2,575,000 after buying an additional 21,699 shares in the last quarter. $376,105 worth of LogMeIn Inc (NASDAQ:LOGM) was sold by D'Angelo Lawrence M. 12,197 shares valued at $1.42 million were sold by CALDERONI ROBERT on Friday, June 9. The value of the investment in TK decreased from $1,299,000 to $1,030,000 a change of 20.7% since the last quarter.

As of the end of the quarter Alliancebernstein L.P. had acquired a total of 56,500 shares growing its position 85.6%. PARK CIRCLE Co now owns 70,000 shares of the shipping company's stock worth $355,000 after buying an additional 20,000 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Teekay Corporation by 10.1% in the fourth quarter. Creative Planning boosted its stake in shares of Teekay Offshore Partners L.P.by 31.5% in the first quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

Teekay Offshore Partners LP (NYSE:TOO) as of recent trade, has shown weekly upbeat performance of 5.62% which was maintained at 8.68% in 1-month period. Trading was light with 1,103K shares changing hands by the end of trading on Wednesday.

Company chares are trading at $9.17 which is significantly above the 50 day moving average of $7.97 and which is quite a bit higher than the 200 day moving average of $8.44. The firm's market cap is $393.76 million.

12/17/2015 - Teekay Offshore Partners L.P. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch.

Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. (NYSE:TOO) last released its earnings results on Thursday, August 3rd. The firm had revenue of $513.90 million during the quarter, compared to analyst estimates of $503.65 million. The stock sank -12.23% last month and is down -58.33 this year. During the same quarter in the previous year, the firm posted $0.01 earnings per share.

The stock of Teekay LNG Partners L.P. (NYSE:TGP) is a huge mover today!

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th.

The stock decreased 1.14% or $0.03 during the last trading session, reaching $2.6. The ex-dividend date will be on Wednesday the 2nd of August 2017. This represents a $0.22 annualized dividend and a dividend yield of 2.40%. Teekay Corporation has a payout ratio of -16.4% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Eagle Global Advisors Llc owns 10.85 million shares or 1.5% of their U.S. portfolio.

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Several brokerages have recently weighed in on TOO. Zacks Investment Research upgraded shares of Teekay Offshore Partners L.P. from a hold rating to a buy rating and set a $2.75 target price on the stock in a research note on Thursday, July 13th.

Teekay Offshore Partners L.P., launched on August 30, 2006, 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 focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The firm earned "Hold" rating on Friday, June 16 by RBC Capital Markets. Jefferies maintained the shares of TGP in report on Monday, July 3 with "Hold" rating. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Sector Perform" rating given on Thursday, December 17 by RBC Capital Markets. (NYSE:TGP), 3 have Buy rating, 0 Sell and 4 Hold. The stock now has an average rating of "Hold" and a consensus price target of $5.33.

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 Company's divisions include liquefied gas segment and conventional tanker segment.