Economy

How Many Teekay Corporation (NYSE:TK)'s Analysts Are Bullish?

How Many Teekay Corporation (NYSE:TK)'s Analysts Are Bullish?”

The Blackstone Group L.P. had 52 analyst reports since August 9, 2015 according to SRatingsIntel.

Golar LNG Limited now has a consensus price target of $34.67, suggesting a potential upside of 66.51%.

Shares of Teekay LNG Partners L.P. The Eagle Global Advisors Llc holds 11.59M shares with $33.26 million value, up from 11.01M last quarter. Comparatively, 38.1% of Teekay LNG Partners L.P. shares are owned by institutional investors. CNH Partners LLC now owns 20,519 shares of the shipping company's stock valued at $315,000 after acquiring an additional 200 shares during the period.

Currently Teekay Offshore Partners LP (NYSE:TOO)'s shares owned by insiders are 42.6%, whereas shares owned by institutional owners are 44.2%. The stock decreased 0.81% or $0.15 on October 13, reaching $18.3. Engineers Gate Manager LP purchased a new position in shares of Teekay Corporation during the second quarter valued at approximately $865,000. Berson & Corrado Investment Advisors, LLC claims 300,009 shares worth $5,340,000. The value of the investment in Teekay LNG Partners L.P. went from $2,666,000 to $2,715,000 increasing 1.8% quarter to quarter. (NYSE TGP) opened at 18.35 on Tuesday. Co. boosted its holdings in Teekay LNG Partners L.P.by 9.5% during the 2nd quarter.

It is now trading at $18.30 which is a tad above $17.46, the stock's 50 day moving average and just above the 200 day moving average of $16.87. Personal Capital Advisors Corp who had been investing in Norfolk Southern Corp for a number of months, seems to be bullish on the $37.94 billion market cap company.

Teekay Offshore Partners L.P. was upgraded to "outperform" by analysts at Wells Fargo. (NYSE:TGP) last released its earnings results on Thursday, August 3rd. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $503.65 million. Equities analysts forecast that Teekay Corporation will post ($1.26) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.14 per share. This dividend represents a yield of $2.47 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Wednesday the 2nd of August 2017. Morgan Stanley reported 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO).

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A number of research analysts recently issued reports on TGP shares. BidaskClub raised Teekay LNG Partners L.P. from a strong sell rating to a sell rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Teekay LNG Partners L.P. from a "hold" rating to a "strong sell" rating in a report on Friday, July 28th.

12/17/2015 - Teekay Offshore Partners L.P. was downgraded to "neutral" by analysts at Seaport Global Securities. Over the past twelve months, Teekay LNG Partners L.P. (NYSE:TGP)'s stock was 26.64%.

Jefferies Group LLC reaffirmed their hold rating on shares of Teekay Corporation (NYSE:TK) in a research report sent to investors on Thursday morning. The company has an average rating of "Hold" and a consensus price target of $6.75.

Among 7 analysts covering Teekay LNG Partners L.P. 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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