11 August, 2017
Analysts on average have given a price target of $4.5 to Teekay Offshore Partners LP (TOO) stock. BidaskClub raised Teekay LNG Partners L.P. from a "strong sell" rating to a "sell" rating in a report on Friday, June 30th. RBC Capital Markets maintained the shares of TOO in report on Thursday, August 13 with "Sector Perform" rating. Morgan Stanley raised GasLog Partners from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $23.50 to $26.00 in a report on Tuesday, June 13th. The stock now has an average rating of "Hold" and a consensus target price of $16.60. GasLog Partners LP has a one year low of $18.85 and a one year high of $25.45. Trading was light with 1,569K shares changing hands by the end of trading on Thursday.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.6 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The firm has a 50 day moving average price of $16.37 and a 200-day moving average price of $17.06. Teekay Offshore had 14 analyst reports since August 4, 2015 according to SRatingsIntel. The company's net profit margin has achieved the current level of -5.4 percent and possesses 50.4 percent gross margin.
Teekay Corporation (NYSE:TK) tinted loss of -2.77% (-0.27 points) to US$9.49. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.32 by $0.12. The firm had revenue of $244.60 million during the quarter, compared to analyst estimates of $270 million. For the past 5 years, the company's revenue has grown -4.2%, while the company's earnings per share has grown -16.7%. Teekay LNG Partners L.P.'s dividend payout ratio is presently 32.75%. Out of the analyst recommendations 2 rate Teekay Offshore Partners LP (NYSE:TOO) stock a Buy, 0 rate the stock Outperform, 2 rate Hold, 1 rate Underperform and 0 recommend a Sell.
COPYRIGHT VIOLATION NOTICE: This story was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/10/morgan-stanley-sells-424950-shares-of-gaslog-partners-lp-nyseglop-updated-updated-updated.html. Investors of record on Friday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date has been established as Wednesday the 2nd of August 2017. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.54%. Teekay Offshore Partners L.P.'s dividend payout ratio is now 8.16%.
Several institutional investors have recently made changes to their positions in TOO.
Shares of Teekay Offshore Partners L.P. Global X Management Co. Finally, Evergreen Capital Management LLC bought a new position in GasLog Partners during the first quarter worth $1,215,000. LLC now owns 40,054 shares of the shipping company's stock worth $203,000 after buying an additional 1,487 shares during the period. Equities research analysts predict that Teekay Offshore Partners L.P. will post $0.28 earnings per share for the current fiscal year. Teachers Advisors LLC now owns 92,892 shares of the shipping company's stock worth $746,000 after buying an additional 7,754 shares in the last quarter. FMR LLC increased its stake in GasLog Partners by 82.8% in the first quarter. Finally, Creative Planning boosted its stake in shares of Teekay Offshore Partners L.P.by 20.7% in the second quarter. The company's Relative Strength Index which shows price strength now stands at 53.73. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.
