Economy

Teekay Offshore Partners LP (NYSE: TOO)

TGP has been the subject of a number of other research reports. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Hold" rating given on Friday, August 4 by Jefferies.

Teekay Offshore Partners L.P. (NYSE:TOO) was up +0.8% ($0.02) to $2.53 and showed a volume of 3.11 mln shares. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Neutral" rating given on Thursday, December 17 by Seaport Global Securities.

According to Zacks brokerage recommendations, Teekay Offshore Partners L.P. (NYSE:TOO)'s Buy count is 0 and Strong Buy is 2 while the number of analysts recommending Sell and Strong Sell are 0 and 1, respectively. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

Teekay LNG Partners L.P. has a fifty-two week low of $13.27 and a fifty-two week high of $19.90. (TGP) traded down $0.05 during midday trading on Friday, hitting $18.00. (TOO) maintained activity of 0.79 million shares that trade hands on average basis.

Teekay Offshore Partners LP (NYSE:TOO) has average revenue estimates of $272.04 Million, compared to low analyst estimates of $268.63 Million and high estimates of $275.46 Million for the current quarter. The stock has a market cap of $1,433.28, a price-to-earnings ratio of 20.69 and a beta of 1.26. Finally, CNH Partners LLC grew its holdings in Teekay LNG Partners L.P.by 1.0% during the 2nd quarter. The legal version of this report can be viewed at https://stocknewstimes.com/2017/11/13/teekay-lng-partners-l-p-tgp-pt-lowered-to-24-00-at-ubs-ag.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. Considering that the stock daily volume of 3.11 million shares, this represents a pretty noteworthy shoot in volume.

While having a peek at profitability ratios Teekay Offshore Partners LP (NYSE:TOO) has trailing twelve month gross margin at 52.8%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. CNH Partners LLC boosted its holdings in Teekay LNG Partners L.P.by 1.0% in the 2nd quarter. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.28. LLC boosted its stake in Teekay LNG Partners L.P.by 16.2% in the second quarter. Alliancebernstein L.P. claims 13,499 shares valued at $32,000. Toronto Dominion Bank now owns 14,411 shares of the shipping company's stock worth $256,000 after purchasing an additional 403,411 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Teekay LNG Partners L.P.by 5.9% during the second quarter.

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. It also upped Royce Value Tr Inc (NYSE:RVT) stake by 42,417 shares and now owns 260,510 shares.



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