Economy

ValuEngine Upgrades Teekay Offshore Partners (NYSE:TOO) to "Buy"

ValuEngine Upgrades Teekay Offshore Partners (NYSE:TOO) to

Moreover, Guggenheim Capital Llc has 0.01% invested in the company for 221,032 shares. The stock has a market cap of $642.46 million, a PE ratio of 10.51 and a beta of 0.83.

Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the energy and oil service companies in the North Sea, Brazil, and the East Coast of Canada.

Wall Street brokerages expect KNOT Offshore Partners (NYSE:KNOP) to announce $0.52 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. About 6.19M shares traded. PIMCO California Municipal Income Fund II (PCK) has declined 16.80% since April 17, 2017 and is downtrending. The stock underperformed the S&P 500 by 21.75%.

More news: Direxion Daily Japan Bull 3X ETF (JPNL) Declines 0.222% for April 17

Torch Wealth Management Llc increased its stake in General Electric Company (GE) by 36.98% based on its latest 2017Q4 regulatory filing with the SEC. Green Square Capital LLC now owns 318,831 shares of the shipping company's stock worth $6,660,000 after buying an additional 10,374 shares during the last quarter. Green Square Capital LLC increased its holdings in KNOT Offshore Partners by 0.7% in the 4th quarter. The latest exchange of 0.18 Million shares is below its average trading activity of 361.63 Million shares. It has underperformed by 65.90% the S&P500. Finally, ValuEngine lowered KNOT Offshore Partners from a "buy" rating to a "hold" rating in a research report on Monday, April 2nd. Therefore 17% are positive.

Several research firms have recently issued reports on KNOP. The rating was upgraded by Deutsche Bank on Tuesday, February 13 to "Buy". Clarkson Platou Securities downgraded it to "Neutral" rating and $20 target in Wednesday, October 14 report. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The firm has "Hold" rating given on Friday, August 28 by Zacks. Analysts forecast 33.33 % diference or $0.52 from the $0.39 EPS from 2017. Its up 0.05, from 0.84 in 2017Q3. FNY Partners Fund LP acquired a new position in shares of KNOT Offshore Partners during the fourth quarter worth $867,000. 147 funds opened positions while 416 raised stakes. Winch Advisory Serv Ltd Liability holds 0.01% or 887 shares. Glenview Capital Management Limited Liability Company reported 0.6% in Comcast Corporation (NASDAQ:CMCSA). Arrowstreet Capital Limited Partnership increased its holdings in KNOT Offshore Partners by 16.6% in the 4th quarter. Smith Chas P & Assoc Pa Cpas owns 12,105 shares or 0.03% of their United States portfolio. Lombard Odier Asset Management (Europe) reported 0.13% in Comcast Corporation (NASDAQ:CMCSA). The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.46. For the past 5 years, the company's revenue has grown 4.2%, while the company's earnings per share has grown 0.9%. Blackrock Inc, a New York-based fund reported 1.18 million shares. (NYSE:GIS), 4 have Buy rating, 3 Sell and 17 Hold. Therefore 0 are positive. Teekay Offshore Partners has a 12-month low of $1.65 and a 12-month high of $5.72. Bank of America downgraded the stock to "Underperform" rating in Thursday, December 17 report. The firm has "Outperform" rating given on Thursday, August 18 by RBC Capital Markets. The stock has "Neutral" rating by Citigroup on Monday, July 11. The rating was maintained by UBS with "Buy" on Wednesday, November 15. The company was initiated on Tuesday, August 25 by Wells Fargo. The rating was maintained by RBC Capital Markets on Friday, August 14 with "Outperform".

The stock of Teekay Offshore Partners L.P. (NYSE:TOO) is a huge mover today! The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Equal-Weight" rating given on Monday, February 12 by Morgan Stanley. Finally, Citigroup dropped their target price on shares of KNOT Offshore Partners from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, March 28th.


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