March 22, 2018

Teekay Offshore Partners LP

12 August 2017, 07:50 | Melvin Schneider

Two analysts have provided estimates for Teekay Corporation's earnings.

Since March 3, 2017, it had 0 insider buys, and 22 sales for $22.29 million activity. Teekay Offshore Partners L.P.'s revenue was down 14.0% compared to the same quarter past year. The business is scheduled to issue its next earnings results on Thursday, August 3rd. On average, equities analysts forecast that Teekay Corporation will post ($1.11) earnings per share for the current fiscal year. A total number of 18 analysts provided estimations over revenues.

Teekay Offshore Partners LP (NYSE:TOO) has grabbed attention from the analysts, when it saw a value increase of 2.73% or 0.07 points in the last trading session to close at $2.63.

Hi-Crush Partners LP (HCLP) surprised the stock market in its last reported earnings when it earned $0.18 a piece versus the consensus-estimated $0.15. The business had revenue of $244.60 million during the quarter, compared to analysts' expectations of $270 million. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Zacks Investment Research raised Teekay Corporation from a "sell" rating to a "hold" rating in a report on Thursday. Zacks Investment Research cut shares of Teekay Offshore Partners L.P. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20.

Shares of Teekay Offshore Partners L.P. (NYSE:TOO) opened at 2.55 on Friday. A total of 2.44 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.63 Million shares, while its relative volume stands at 1.52.

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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. The stock's market cap is $822.05 million. The company's 50-day moving average is $17.16 and its 200-day moving average is $17.12. Stockholders of record on Monday, August 7th will be paid a $0.01 dividend. The dividend yield was $3.15. The ex-dividend date will be on Wednesday the 2nd of August 2017. Citigroup upgraded Teekay Offshore Partners L.P. (NYSE:TOO) on Wednesday, July 26 to "Buy" rating.

Several institutional investors have recently modified their holdings of TK. As of the end of the quarter Teachers Advisors, LLC had acquired 8,608 shares growing its stake by 9.4%. The G2 Investment Partners Management Llc holds 2,500 shares with $241,000 value, down from 74,909 last quarter.

Teekay LNG Partners an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The institutional investor held 763,597 shares of the marine transportation company at the end of 2016Q4, valued at $6.13 million, down from 1.16M at the end of the previous reported quarter. Teekay LNG Partners L.P. earned a news impact score of 0.20 on Accern's scale. Finally, Ballentine Partners LLC acquired a new position in Teekay Offshore Partners L.P. during the second quarter valued at approximately $249,000. Parkside Financial Bank & Trust boosted its stake in shares of Teekay Offshore Partners 7.3% in the first quarter. Creative Planning now owns 36,188 shares of the shipping company's stock valued at $104,000 after buying an additional 6,215 shares in the last quarter. G2 Investment Partners Management Llc sold 72,409 shares as Logmein Inc (Call) (LOGM)'s stock rose 17.94%.

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According to Zacks, "TEEKAY OFFSHORE PARTNERS a publicly-traded master limited partnership formed by Teekay and is an global provider of marine transportation and storage services to the offshore oil industry".

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