Teekay Corporation (NYSE:TK)

Marco Green
October 17, 2017

Deutsche Bank maintained it with "Hold" rating and $33 target in Friday, July 21 report. BidaskClub upgraded Teekay LNG Partners L.P. from a "strong sell" rating to a "sell" rating in a report on Friday, June 30th. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Underperform" rating given on Thursday, December 17 by Bank of America. The value of the investment in Teekay Corporation went from $956,000 to $1,222,000 increasing 27.8% for the reporting period. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company.

This is a breakdown of recent ratings and target prices for Golar LNG Limited and Teekay LNG Partners L.P., as provided by MarketBeat.

Teekay Offshore Partners L.P.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 in North Sea, Brazil and the East Coast of Canada.

It is now trading at $8.94 a tad under the 50 day moving average of $9.01 and a tad higher than the 200 day moving average of $8.15.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Teekay Offshore Partners LP (NYSE:TOO) high price target of $4 and with a conservative view have low price target of $1.5.

The company's P/E ratio is 10.71 and the market cap of the company is 1.46B. The value of the company's investment in Teekay LNG Partners L.P. increased from $3,000 to $9,000,000 a change of 299,900.0% for the reporting period. However the company reported $0.06 earnings per share for the same quarter during a year ago.

Teekay LNG Partners L.P. had a net margin of 38.28% and a return on equity of 6.12%. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $503.65 million. Analysts expect next quarter's EPS to be $-0.05 and the next full year EPS is projected to be $0.06. The business's revenue for the quarter was down 12.5% on a year-over-year basis. After $0.07 actual earnings per share reported by Teekay Offshore Partners L.P. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright & trademark law.

Teekay Corporation (NYSE:TK) last posted its quarterly earnings data on Thursday, August 3rd. The Company's segments include Vessel operations, LNG trading and FLNG. Investors of record on Friday, November 3rd will be given a dividend of $0.055 per share. The ex-dividend date will be on Wednesday the 2nd of August 2017. (NASDAQ:COLB). The stock now provides a dividend yield of 2.12% for the Financial company. Teekay Corporation's dividend payout ratio is presently -15.38%. Cetera Investment Advisers purchased a new position in Teekay LNG Partners L.P. during the 2nd quarter valued at $1,073,000.

Berson & Corrado Investment Advisors Llc, which manages about $396.59 million and $182.50M US Long portfolio, decreased its stake in New Media Inv Grp Inc (NYSE:NEWM) by 28,197 shares to 255,919 shares, valued at $3.45 million in 2017Q2, according to the filing. Moreover, Cantillon Capital Management Llc has 5.75% invested in the company for 5.40 million shares. Icon Advisers Inc. Co. now owns 556,207 shares of the shipping company's stock valued at $8,538,000 after acquiring an additional 48,200 shares during the period. Finally, Cedar Capital LLC boosted its position in shares of Teekay Corporation by 40.0% during the second quarter. LLC now owns 19,822 shares of the shipping company's stock worth $348,000 after buying an additional 564 shares in the last quarter. Institutional investors own 38.05% of the company's stock.

Teekay LNG Partners L.P., launched on November 3, 2004, is an global provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading 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.

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG.

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