Analysts' Report Recap: Teekay Offshore Partners LP (TOO)

The stock decreased 0.47% or $0.32 during the last trading session, reaching $67.65. About 786,469 shares traded. It has underperformed by 22.30% the S&P500.

More notable recent Teekay LNG Partners L.P. (NYSE:TGP) news were published by: Globenewswire.com which released: "Teekay LNG Partners Declares Distributions on Series A and Series B Preferred ..." on December 14, 2017, also Seekingalpha.com with their article: "Teekay LNG Partners: The LP Model Still Works For Investors" published on August 14, 2017, Seekingalpha.com published: "Teekay LNG Partners LP: This 8.50% Fixed-To-Floating Preferred Stock Started ..." on October 26, 2017. Teekay Offshore Partners has a 52-week low of $1.65 and a 52-week high of $6.30. Insider activity is often a strong indicator of future performance in a stock, and if the data on TOO is anything to go by, investors should pay attention. Accern also assigned media stories about the shipping company an impact score of 46.4927970947071 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. A total of 3.71 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 957.21 Million shares, while its relative volume stands at 3.87. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since January 4, 2017 and is downtrending. It has underperformed by 6.82% the S&P500. Evergreen Capital Management LLC bought a new position in shares of Teekay LNG Partners in the third quarter valued at $306,000. The company was maintained on Thursday, August 13 by RBC Capital Markets. The firm operates through two divisions, Liquefied Gas and Conventional Tanker. It has a 11.57 P/E ratio. It transports liquid petroleum gases, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. Alliancebernstein L.P. grew its stake in shares of Teekay LNG Partners by 5.9% during the 2nd quarter. The shares went down by -0.84% in value last month. K's profit will be $331.65M for 17.62 P/E if the $0.96 EPS becomes a reality. After $0.23 actual earnings per share reported by Teekay LNG Partners L.P. for the previous quarter, Wall Street now forecasts 30.43% EPS growth.

Several analysts are forecasting growth estimate of Teekay Offshore Partners LP for the current quarter to be 20%. Zacks Investment Research raised Teekay Offshore Partners from a "sell" rating to a "hold" rating in a report on Wednesday, September 27th. Benchmark Advsrs reported 0.15% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO).

On the other hand Teekay Offshore Partners LP (NYSE:TOO) has Relative Strength Index (RSI 14) of 62.8 along with Average True Range (ATR 14) of 0.1. Four analysts have issued estimates for Teekay LNG Partners L.P.'s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.49. The count of Hold ratings in that period was 0.

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Teekay LNG Partners (NYSE:TGP) opened at $20.15 on Monday. The stock has "Buy" rating by UBS on Wednesday, November 15. The company was maintained on Tuesday, June 14 by UBS. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, August 18. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company.

A number of research firms have commented on TGP.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.01, from 1.11 in 2017Q2. Ct Mason sold 9,199 shares as Leggett & Platt Inc. Arrow Inv Advisors holds 0.24% or 339,180 shares in its portfolio. (NASDAQ:CSBK) or 933,055 shares. Farmers Natl Bank invested in 0.19% or 4,966 shares. Pinnacle Holdg Limited Liability Corporation holds 0.01% or 9,457 shares in its portfolio. 455 were accumulated by Thrivent Fin For Lutherans. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned "Overweight" rating by JP Morgan on Friday, September 11. Bnp Paribas Arbitrage accumulated 0% or 2,320 shares. Luminus Management Limited holds 6.93 million shares or 0.44% of its portfolio. Deutsche Bank Ag stated it has 0% of its portfolio in Clifton Bancorp Inc. Benjamin F Edwards reported 2,904 shares.

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