Several research analysts have weighed in on the stock. ValuEngine lowered shares of Teekay LNG Partners L.P. from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 28th. TheStreet raised shares of Teekay LNG Partners L.P. from a "c" rating to a "b-" rating in a research report on Thursday, May 18th.
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. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has "Hold" rating given on Monday, July 3 by Jefferies. Teekay LNG Partners L.P. has 3 buy ratings, 5 holds and 0 sells even after the stock tumbled -10.05% from its high of $19.9 to a $1.38 billion market value through last close.
Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $2.88 on the stock, this valuation is based on 4 number of opinions. Teekay Offshore Partners L.P. has a 1-year low of $1.65 and a 1-year high of $6.69. Sell-side analyst recommendations point to a short term price target of $2.88 on the company shares. The company's 50-day moving average price is $2.53 and its 200-day moving average price is $4.20.
ILLEGAL ACTIVITY WARNING: "Somewhat Positive Press Coverage Somewhat Unlikely to Affect Teekay LNG Partners L.P. (NYSE:TGP) Share Price" was originally published by BBNS and is owned by of BBNS.
While having a peek at profitability ratios Teekay Offshore Partners LP (NYSE:TOO) has trailing twelve month gross margin at 53.9%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. Stockholders of record on Friday, August 4th will be given a dividend of 0.055 per share by the shipping company on Wednesday, August 16th. The firm had revenue of $244.60 million during the quarter, compared to analysts' expectations of $270 million.
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As of the latest earnings report the EPS was $-0.08 and is projected to be $0.28 for the current year with 149,718,000 shares outstanding. The business's revenue was down 14.0% compared to the same quarter past year. Equities analysts forecast that Teekay Offshore Partners L.P. will post $0.28 EPS for the current year. 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. (LLL). The consensus rating is 2.2, suggesting the market has given up on the stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th.
Teekay Corporation (TK) traded up 1.09% during mid-day trading on Monday, hitting $9.27. The ex-dividend date of this dividend is Thursday, August 3rd. Jpmorgan Chase Com holds 1.26M shares or 0% of its portfolio. Teekay LNG Partners L.P.'s dividend payout ratio (DPR) is presently 32.75%. Stifel Financial Corp bought a new stake in shares of Teekay Offshore Partners L.P. during the first quarter worth approximately $113,000. Global X Management Co. PARK CIRCLE Co increased its position in shares of Teekay Offshore Partners L.P.by 40.0% in the first quarter. Volume was down 80.83% under the stocks average daily volume. LLC boosted its stake in shares of Teekay Offshore Partners L.P.by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 168,047 shares of the shipping company's stock worth $852,000 after buying an additional 41,165 shares in the last quarter. Airain ltd boosted its position in shares of Teekay LNG Partners L.P.by 14.9% in the second quarter. Parkside Financial Bank & Trust now owns 77,110 shares of the shipping company's stock worth $391,000 after buying an additional 5,275 shares during the period.
Teekay Corporation (NYSE:TK) declared a quarterly dividend on Friday, July 7th, RTT News reports.
Teekay LNG Partners L.P.is an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil.