The stock's traded 0.85 million shares in session while it holds an average volume of 1.66 million shares.
Teekay Offshore Partners L.P. (NYSE:TOO)'s earnings per share has been growing at a 30.6 percent rate over the past 5 year when average revenue increase was noted as 6.5 percent.
Several other large investors have also recently made changes to their positions in the company. Teekay LNG Partners L.P. Susquehanna International Group, Llp owns 165,989 shares worth $476,000. Cambridge Investment Research Advisors Inc. increased its stake in Teekay Corporation by 10.6% in the first quarter. Finally, American International Group Inc. increased its stake in Teekay Corporation by 17.2% in the first quarter. Alliancebernstein L.P. purchased a new stake in shares of Teekay LNG Partners L.P. during the first quarter worth about $221,000. Hite Hedge Asset Management Llc sold 92,402 shares as Teekay Lng Partners LP (TGP)'s stock declined 14.75%. Trexquant Investment LP now owns 26,609 shares of the shipping company's stock valued at $243,000 after buying an additional 2,109 shares in the last quarter.
Shares of Teekay LNG Partners L.P. The stock decreased 0.59% or $0.1 on August 18, reaching $16.85. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.83 and a beta of 1.20.
Company chares are trading at $2.35 which is quite a bit lower than $2.54, the 50 day moving average and well below the 200 day moving average of $4.00. Teekay Corporation has a 52 week low of $5.14 and a 52 week high of $11.77.
Teekay LNG Partners L.P. had a return on equity of 6.12% and a net margin of 38.28%. More interesting news about Teekay Corporation (NYSE:TK) were released by: Seekingalpha.com and their article: "Teekay Offshore: A New Day Is Dawning" published on August 07, 2017 as well as Nasdaq.com's news article titled: "Teekay Corporation (TK) Ex-Dividend Date Scheduled for August 02, 2017" with publication date: August 01, 2017. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.12. The firm had revenue of $513.90 million for the quarter, compared to analysts' expectations of $503.65 million. Teekay LNG Partners L.P.
Equities research analysts predict that Teekay Corporation (NYSE:TK) will announce sales of $477.80 million for the current fiscal quarter, Zacks reports. Additionally the company declared a dividend which was paid on Friday August 11th, 2017. Stockholders of record on Friday, August 4th were issued a dividend of $0.14 per share. This dividend represents a yeild of $3.33 which is the dividend as a percentage of the current share price. Teekay Corporation's dividend payout ratio (DPR) is -15.38%.
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The stock is a Buy among 0 brokerage firms polled by Factset Research. TheStreet lowered Teekay LNG Partners L.P. from a "b-" rating to a "c" rating in a research report on Thursday, August 3rd. ValuEngine upgraded Teekay Corporation from a "sell" rating to a "hold" rating in a research report on Thursday, July 20th. The forecast of 2 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Royal Bank Of Canada restated a "hold" rating on shares of Teekay Corporation in a research note on Friday, June 16th.
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Business's fleet consists of approximately 30 shuttle tankers, including over three chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.