Economy

Teekay Corporation (NYSE:TK) Under Analyst Spotlight

T_UNS's profit would be $23.26M giving it 12.25 P/E if the $0.55 EPS is correct. After having $0.07 EPS previously, Teekay Offshore Partners L.P.'s analysts see -42.86% EPS growth. The stock has "Underperform" rating by Raymond James on Thursday, September 21.

At the time of writing, the stock was trading at $2.98. KNOT Offshore Partners's dividend payout ratio is now 76.19%. Analysts are projecting that the stock will reach $3.00 on a short term (1 year) basis.

Investors sentiment decreased to 0.69 in Q2 2017. About 115,458 shares traded or 1058.98% up from the average. It is up 22.68% since September 30, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Therefore 80% are positive.

08/25/2016 - DHT Holdings, Inc. was downgraded to "equal-weight" by analysts at Morgan Stanley. Seaport Global Securities downgraded the shares of TOO in report on Thursday, December 17 to "Neutral" rating. The stock of Uni Select Inc (TSE:UNS) earned "Sector Perform" rating by RBC Capital Markets on Friday, October 30.

On average, analysts expect that KNOT Offshore Partners will report full-year earnings of $2.12 per share for the current fiscal year.

Wall Street await Teekay Offshore Partners L.P. (NYSE:TOO) to release earnings on November, 2. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. The rating was upgraded by Citigroup on Wednesday, July 26 to "Buy". UBS AG lowered shares of Teekay Offshore Partners L.P. from an outperform rating to a market perform rating in a report on Thursday, July 27th.

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. Its down 0.59, from 1.28 in 2017Q1. On average, analysts predict that Teekay Offshore Partners L.P. will post $0.24 earnings per share for the current year.

These funds have shifted positions in (TOO).

Shares of Teekay Offshore Partners L.P. (NYSE:TOO) are showing high volatlity in today's session as the stock has moved 5.25%, clocking in at $2.51 after a recent bid. Park Circle Co stated it has 0.11% in Teekay Offshore Partners L.P. (NYSE:TOO). Germany-based Deutsche State Bank Ag has invested 0.01% in Pra Group Inc (NASDAQ:PRAA).

Knot Offshore Partners LP (NYSE:KNOP) had an increase of 20.36% in short interest. PNC Financial Services Group Inc. bought a new position in KNOT Offshore Partners in the first quarter worth about $215,000.

Advisory Research Inc holds 1.37% of its portfolio in Teekay Offshore Partners L.P. for 18.38 million shares. 2,500 were accumulated by Brown Brothers Harriman And Com. Green Square Capital LLC lifted its stake in KNOT Offshore Partners by 1.8% in the second quarter. Eagle Global Ltd Liability Corp reported 11.59 million shares. Royal Bank of Canada grew its position in KNOT Offshore Partners by 4.8% in the second quarter. The ratio has worsened, as 27 investment professionals started new and increased stock positions, while 39 sold and reduced their holdings in Teekay Offshore Partners LP.



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