10 June, 2017
Teekay Offshore Partners L.P.is an global provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Thornburg Investment Management Inc. now owns 1,189,643 shares of the shipping company's stock valued at $20,878,000 after buying an additional 398,691 shares during the period.
Teekay LNG Partners L.P. has a 52-week low of $9.47 and a 52-week high of $19.90.
It gets worse. Citing a "sum-of-the-parts" valuation of Teekay Corporation's "three daughters", and subtracting "the net liabilities at the parent level and after applying a 25% discount on the $251m net claims from TOO", Morgan Stanley believes Teekay Corporation itself is worth only $3 per share (half of what the stock sells for today), while Teekay Offshore is worth only $1.50 (barely half what its stock sells for). Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since June 9, 2016 and is downtrending.
12/10/2014 - ABN Amro began new coverage on Teekay LNG Partners L.P. giving the company a " rating. Valmark Advisers Inc. now owns 12,262 shares of the shipping company's stock valued at $215,000 after buying an additional 1,031 shares during the period. Guggenheim Capital LLC increased its stake in shares of Teekay Offshore Partners L.P.by 257.2% in the fourth quarter. Airain ltd now owns 146,046 shares of the shipping company's stock valued at $2,563,000 after buying an additional 6,846 shares during the period.
11/21/2014 - Teekay LNG Partners L.P. had its " rating reiterated by analysts at Citigroup. Institutional investors own 54.20% of the company's stock. Four analysts have provided estimates for Teekay LNG Partners L.P.'s earnings. Evercore Wealth Management Ltd Liability Corp owns 5,500 shares. The firm's 50 day moving average is $16.41 and its 200-day moving average is $16.70. The company has market cap of $476.56 million. Teekay Offshore Partners L.P.
12/23/2013 - Teekay Offshore Partners L.P. was upgraded to "overweight" by analysts at JP Morgan. (NYSE:TOO) last announced its earnings results on Thursday, May 18th. The shipping company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.14. During the same period in the previous year, the company earned $0.41 earnings per share. Analysts expect next quarter's EPS will be $0.12 with next year's EPS anticipated to be $0.73.
Stock market analysts watching Teekay LNG Partners L.P. (NYSE:TGP) have recently changed their ratings on the stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was set for Wednesday the 3rd of May 2017. Teekay LNG Partners L.P.'s dividend payout ratio is now 35.44%. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & global trademark & copyright legislation. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/teekay-lng-partners-l-p-tgp-lowered-to-hold-at-valuengine-updated-updated/806160.html.
Several equities research analysts have weighed in on TOO shares. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Hold" rating given on Tuesday, September 13 by Jefferies. Finally, Royal Bank of Canada reaffirmed a "hold" rating and issued a $14.00 price objective on shares of Teekay LNG Partners L.P.in a report on Friday, March 17th. The firm has "Hold" rating given on Monday, November 21 by Stifel Nicolaus.
COPYRIGHT VIOLATION NOTICE: "Teekay LNG Partners L.P. (TGP) Earning Somewhat Positive News Coverage, AlphaOne Reports" was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. As per Thursday, August 6, the company rating was downgraded by Zacks. RBC Capital Markets maintained Teekay Offshore Partners L.P. (NYSE:TOO) rating on Thursday, August 13. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) 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.
