Economy

Brokers Issue New Targets On Teekay Offshore Partners LP (NYSE:TOO)

Teekay Offshore Partners L.P. (NYSE:TOO) shares ended at $2.58 with 1.75 mln shares exchanging hands. About 176,921 shares traded. Global Hunter Securities upgraded Teekay Offshore Partners L.P. (NYSE:TOO) rating on Tuesday, August 4. It has underperformed by 60.53% the S&P500.The move comes after 6 months positive chart setup for the $381.57M company. (TOO) traded up 0.78% during midday trading on Thursday, hitting $2.60.

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. They now have a United States dollars 23 price target on the stock.

On average, analysts expect that KNOT Offshore Partners will report full-year sales of $57.30 million for the current year, with estimates ranging from $216.60 million to $218.21 million.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Teekay Offshore Partners L.P. (NYSE:TOO). The company was initiated on Tuesday, April 19 by Morgan Stanley. The company was downgraded on Thursday, December 17 by Bank of America. The firm earned "Neutral" rating on Thursday, December 17 by Seaport Global Securities.

TRADEMARK VIOLATION NOTICE: "Teekay Offshore Partners L.P". The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Sector Perform" rating given on Thursday, August 13 by RBC Capital Markets. Moreover, Raymond James Associates has 0.01% invested in Teekay Offshore Partners L.P. (NYSE:TOO). On Friday, April 7 the stock rating was maintained by RBC Capital Markets with "Sector Perform".

Investors sentiment increased to 1.08 in 2016 Q4. The stock stands almost $2.6 off versus the 52-week high of $6.25 and $0.83 above the 52-week low of $2.82. It dropped, as 12 investors sold Teekay Offshore Partners L.P. shares while 21 reduced holdings. 16 funds opened positions while 26 raised stakes. 2,262 were accumulated by Finemark Bancshares And. California Public Employees Retirement System reported 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). Accern also gave media stories about the shipping company an impact score of 46.4826179654246 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Guggenheim Ltd Com reported 938,749 shares. The shipping company reported $0.07 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.12. The New Jersey-based Nine Chapters Capital Llc has invested 0.1% in Teekay Offshore Partners L.P. (NYSE:TOO).

Analysts await CarMax, Inc (NYSE:KMX) to report earnings on September, 22 before the open. Evergreen Cap Mngmt Ltd has 893,082 shares. Clearbridge Lc holds 0% or 673,046 shares.

08/18/2016 - Teekay Offshore Partners L.P. was upgraded to "outperform" by analysts at RBC Capital. Brookfield Asset Management Inc. bought a new stake in shares of Teekay Offshore Partners L.P.in the 1st quarter worth $238,000.

Teekay Offshore Partners L.P. had a return on equity of 5.24% and a net margin of 11.51%.

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 company is now up by 6.545% since yesterday's close of 2.46 giving it a place as a top gainer in the market today. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading 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. It has a 19.88 P/E ratio. The Business's segments include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment. The stock had a trading volume of 999,619 shares. Devon Energy Corp (NYSE:DVN) has risen 13.24% since September 14, 2016 and is uptrending. It has outperformed by 73.15% the S&P500. Park Circle holds 50,000 shares or 0.17% of its portfolio. Markel Corp owns 4.91 million shares or 7.62% of their United States portfolio.

Broad Run Investment Management Llc holds 8.66% of its portfolio in CarMax, Inc for 3.25 million shares. Blackrock Incorporated, a New York-based fund reported 1.37 million shares.



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