Frigate Ventures Lp decreased its stake in Teekay Corporation (TK) by 34.38% based on its latest 2016Q4 regulatory filing with the SEC. The business's quarterly revenue was down 12.5% compared to the same quarter previous year. The business is scheduled to issue its next earnings results on Thursday, August 3rd. On average, equities analysts predict that Teekay Corporation will post ($1.11) earnings per share for the current fiscal year. Sell-side analyst recommendations point to a short term price target of $2.88 on the company shares. The shipping company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.12. The company had revenue of $244.60 million during the quarter, compared to analyst estimates of $270 million. Teekay Corporation had a negative net margin of 5.66% and a negative return on equity of 2.80%. The dividend will be $0.055 per share for the quarter which comes to $0.22 on an annualized basis. This is based on the research brokerage reports taken into consideration by Thomson Reuters. BidaskClub lowered Teekay Corporation from a "hold" rating to a "sell" rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a "hold" rating on shares of Teekay Corporation in a research report on Friday, June 16th.
TRADEMARK VIOLATION WARNING: "Teekay Offshore Partners L.P. (NYSE:TOO) Lifted to Buy at Zacks Investment Research" was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of "Hold" and an average price target of $5.33.
Stock market analysts and brokers have recently amended their target prices on shares of Teekay Corporation (NYSE:TK). 597,358 shares of the company were exchanged.
ValuEngine has upgraded Teekay LNG Partners L.P. (NYSE:TGP) to Strong-Buy in a report released on 07/08/2017. The company's market capitalization is $822.05 million. The company has a 50-day moving average of $2.51 and a 200-day moving average of $4.21. Investors of record on Monday, August 7th will be given a $0.01 dividend. The ex-dividend date is set for Wednesday the 2nd of August 2017. Teekay Offshore Partners L.P.'s payout ratio is 8.16%.
Several institutional investors have recently modified their holdings of TK.
Toronto Dominion Bank increased Cameco Corp (NYSE:CCJ) stake by 3.49 million shares to 4.11M valued at $42.94M in 2016Q4.
Teekay LNG Partners L.P.is an global provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. LLC now owns 40,054 shares of the shipping company's stock worth $203,000 after buying an additional 1,487 shares during the period. Barclays Public Ltd stated it has 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). 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. Teachers Advisors, LLC bolstered its stake by buying 8,608 shares an increase of 9.4% as of 06/30/2017. Creative Planning now owns 36,188 shares of the shipping company's stock valued at $104,000 after buying an additional 6,215 shares in the last quarter. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and worldwide copyright legislation.
According to Zacks, "TEEKAY OFFSHORE PARTNERS L.P.is a publicly-traded master limited partnership formed by Teekay and is an worldwide provider of marine transportation and storage services to the offshore oil industry". The Business's vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation. The Firm is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the activities in the offshore production, storage and transportation sector.