Teekay Corporation (NYSE:TK) Closed Well Above Its 50 Day Moving Average
Aug 12 2017 by Johnny Bowman
TOO has been the subject of several other research reports. ValuEngine upgraded shares of Teekay Corporation from a "sell" rating to a "hold" rating in a research note on Thursday, July 20th. Zacks Investment Research raised Teekay Offshore Partners L.P. from a hold rating to a buy rating and set a $2.75 price target for the company in a report on Thursday, July 13th. BidaskClub cut Teekay Corporation from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. Seaport Global Securities downgraded the shares of TOO in report on Thursday, December 17 to "Neutral" rating.
11/10/2015 - Teekay Corporation had its "buy" rating reiterated by analysts at BTIG Research. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20.
The stock volatility for week was 4.87% while for month was 5.32%.The stock, as of last close, traded 78.40% to its 52 week low and was changed -22.09% from its 52 week high.
Unit Corporation (NYSE:UNT) shares typically trade an average volume of 612.53 and institutions hold 93.90% of the total shares. Moreover, Advisory Research Inc has 1.39% invested in the company for 18.54 million shares. The stock's average target of $9 is 246.15% above today's ($2.6) share price. The stock has a market cap of $400.03 million, a PE ratio of 4.44 and a beta of 2.72. State Street Corp increased its position in shares of Teekay Corporation by 50.3% in the fourth quarter.
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Shares of Teekay Offshore Partners LP (NYSE:TOO) now have an Average Brokerage Recommendation of 2.66, number of Recs in ABR is 5 while industry rank of the company by ABR is 193 out of 265. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.12. The company had revenue of $244.60 million during the quarter, compared to analyst estimates of $270 million. During the same quarter a year ago, the firm posted $0.22 earnings per share. The business's revenue for the quarter was down 12.5% compared to the same quarter past year. Next quarter's EPS is estimated at $-0.05 with next year's EPS projected to be $0.06.
TRADEMARK VIOLATION WARNING: This report was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of USA and global trademark & copyright legislation. The correct version of this article can be accessed at https://rinconhillneighbors.org/2017/08/11/ubs-ag-analysts-give-teekay-offshore-partners-l-p-too-a-3-00-price-target.html. Additionally the company recently announced a dividend that will be paid on Wednesday the 16th of August 2017. Shareholders of record on Friday, August 4th will be issued a dividend of $0.14 per share.
According to the latest research reports released, 0 analysts have issued a rating of "buy", 0 analysts "outperform", 3 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Teekay Offshore Partners L.P.'s dividend payout ratio is 8.16%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC now owns 8,474,399 shares of the shipping company's stock worth $68,049,000 after buying an additional 2,396,112 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in shares of Teekay Offshore Partners L.P.by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 663,869 shares of the shipping company's stock worth $6,075,000 after buying an additional 128,902 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Teekay Offshore Partners L.P.by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 614,567 shares of the shipping company's stock worth $5,624,000 after buying an additional 12,881 shares in the last quarter. Royal Bank Of Canada reissued a "hold" rating on shares of Teekay Corporation in a report on Tuesday, May 9th. 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.