Teekay LNG Partners LP (TGP) Earns Daily News Impact Score of 0.20

Andrew Cummings
August 12, 2017

Several other brokerages also recently commented on TOO. BidaskClub raised Teekay Corporation from a "hold" rating to a "buy" rating in a report on Wednesday, August 2nd. TheStreet raised Teekay LNG Partners L.P. from a "c" rating to a "b-" rating in a report on Thursday, May 18th. 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 presently has a consensus rating of "Hold" and an average price target of $16.60. Teekay Corporation has a 52-week low of 5.14 and a 52-week high of 11.77. (NYSE TGP) traded up 3.11% during midday trading on Friday, reaching $18.25. Volume was down 37.30% under the stocks average daily volume. The stock exchanged hands 7.94 Million shares versus average trading capacity of 9.24 Million shares. The company has market cap of $796.72 million. Teekay Offshore Partners L.P.

Teekay Offshore Partners L.P. had a return on equity of 5.24% and a net margin of 11.51%. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since August 9, 2016 and is downtrending. The shipping company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.12, Morningstar.com reports.

Nabors Industries (NYSE:NBR) has average revenue estimates of $670.43 Million, compared to low analyst estimates of $617 Million and high estimates of $711.3 Million for the current quarter. During the same quarter in the prior year, the business posted $0.22 earnings per share. The business's revenue was down 14.0% compared to the same quarter past year. Next quarter's EPS is estimated at $-0.05 with next year's EPS projected to be $0.06.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. The ex-dividend date is set for Wednesday the 2nd of August 2017. This represents a $0.56 dividend on an annualized basis and a yield of 3.16%. Teekay LNG Partners L.P. earned a coverage optimism score of 0.20 on Accern's scale. The average numbers of shares are traded in a security per day, during the recent 3-month period. Ronna Sue Cohen now owns 101,454 shares of the shipping company's stock valued at $514,000 after buying an additional 686 shares in the last quarter. Global X Management Co. As of the end of the quarter Teachers Advisors, LLC had acquired 8,608 shares growing its stake by 9.4%. The institutional investor held 763,597 shares of the marine transportation company at the end of 2016Q4, valued at $6.13 million, down from 1.16M at the end of the previous reported quarter. Nine Chapters Capital Management LLC acquired a new position in shares of Teekay Corporation during the first quarter worth about $141,000. 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. Morgan Stanley lowered Teekay Corporation from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $8.00 to $3.00 in a research note on Friday, June 9th. Bank of America Corp DE now owns 412,008 shares of the shipping company's stock worth $3,770,000 after buying an additional 316,885 shares in the last quarter. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) 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.

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