Economy

Teekay Corporation (NYSE:TK) Sees Significantly Lower Trading Volume

According to Zacks, "Teekay LNG Partners L.P.is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector". The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts.

A number of other research analysts also recently issued reports on the stock.

Teekay Offshore Partners L.P. (NYSE:TOO) performed nicely this week, continuing its impressive near-term upward movement.

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.

Traders are feeling more bullish on shares of Teekay Offshore Partners L.P. C as shown by the change in short interest.

06/20/2016 - Teekay Offshore Partners L.P. had its "buy" rating reiterated by analysts at UBS. Morgan Stanley now owns 274,451 shares of the shipping company's stock valued at $6,394,000 after purchasing an additional 59,260 shares in the last quarter.

07/26/2017 - Teekay Offshore Partners L.P. was upgraded to "buy" by analysts at Citigroup. (NYSE:TGP) last announced its quarterly earnings results on Thursday, August 3rd. Teekay LNG Partners L.P. has a one year low of $13.06 and a one year high of $19.90. The stock stands almost $4.2 off versus the 52-week high of $6.69 and $0.84 above the 52-week low of $1.65. The stock has a 50 day moving average of $17.25 and a 200-day moving average of $16.83.

Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. The ex-dividend date was Wednesday the 2nd of August 2017.

The company is trading down since yesterday's close of 9.08.

COPYRIGHT VIOLATION WARNING: "Teekay LNG Partners L.P. (TGP) Upgraded by Zacks Investment Research to Hold" was first published by Week Herald and is owned by of Week Herald.

While considering growth estimates of the company, it has next quarter growth estimates of 140% whereas during current quarter it has -33.3% estimations over growth, comparing to the estimations of -65.2% during current year and 75% for next year.

In the latest earnings report the EPS was $-1.42 and is expected to be $-1.26 for the current year with 86,259,000 shares presently outstanding. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and worldwide trademark and copyright laws. The consensus rating is 3.1, suggesting the market has given up on the stock.

Currently Teekay Offshore Partners LP (NYSE:TOO)'s shares owned by insiders are 42.6%, whereas shares owned by institutional owners are 48.1%. Teekay LNG Partners L.P.'s dividend payout ratio is now 32.75%. The dividend payment was $0.010 per share for the quarter which is $0.04 annualized. IL bought a new stake in Teekay LNG Partners L.P.in the 1st quarter valued at about $218,000.

08/04/2015 - Teekay Offshore Partners L.P. was upgraded to "accumulate" by analysts at Global Hunter Securities. Virtu KCG Holdings LLC bought a new stake in Teekay LNG Partners L.P.in the 2nd quarter valued at $249,000. Jane Street Group, LLC owns 10,463 shares worth $70,000. Finally, Global X Management Co. Co. lifted its position in Teekay LNG Partners L.P.by 9.5% in the 2nd quarter. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Active investors may choose to use this technical indicator as a stock evaluation tool.

Teekay LNG Partners L.P.is an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Its fleet consists of over 30 shuttle tankers, such as over three chartered-in vessels and a HiLoad Dynamic Positioning unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.



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