Is there a Bearish outlook for Teekay Corporation (NYSE:TK) this week?

Lloyd Doyle
January 13, 2018

The NYSE listed company saw a recent bid of $21.00 and 183595 shares have traded hands in the session. The hedge fund held 34,326 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $830.01 million, up from 33,178 at the end of the previous reported quarter. The corporation has a market cap of US$1.16 Billion.

The stock increased 0.72% or $0.07 during the last trading session, reaching $10.49. About 194,894 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 12, 2017 and is downtrending. It has underperformed by 6.82% the S&P500.

The company's quick ratio for most recent quarter is 0.6 along with current ratio for most recent quarter of 0.6. The institutional investor held 339,180 shares of the marine transportation company at the end of 2017Q3, valued at $807,000, up from 140,452 at the end of the previous reported quarter. The company was maintained on Wednesday, July 27 by Jefferies. 0 analysts call it Underweight, while 1 think it is Overweight. The company had a trading volume of 336,234 shares, compared to its average volume of 240,678. It has underperformed by 21.16% the S&P500.

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. TOO's profit will be $42.11 million for 7.11 P/E if the $0.10 EPS becomes a reality. Teekay LNG Partners's payout ratio is now 67.47%. Therefore 56% are positive. Teekay Corporation had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Buy" rating by RBC Capital Markets given on Sunday, October 22. The rating was initiated by Morgan Stanley with "Equal-Weight" on Tuesday, April 19. On Tuesday, August 22 the stock rating was maintained by Robert W. Baird with "Buy". Citigroup upgraded Teekay Offshore Partners L.P. (NYSE:TOO) on Wednesday, July 26 to "Buy" rating.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $2.94 on Teekay Offshore Partners LP (NYSE:TOO). On Thursday, December 17 the stock rating was downgraded by Seaport Global Securities to "Neutral". The firm has "Underperform" rating by Bank of America given on Thursday, December 17. Stifel Nicolaus reissued a hold rating and set a $16.00 price target on shares of Teekay LNG Partners in a research note on Friday, October 13th.

Investors sentiment decreased to 0.69 in 2017 Q3. Its up 0.21, from 0.69 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 14 funds opened positions while 13 raised stakes.

Shares of Teekay Lng Partners LP (TGP) are moving on volatility today 1.69% or $0.35 from the open. The firm has a market capitalization of $1,650.00, a price-to-earnings ratio of 24.88 and a beta of 1.27. Natixis reported 0% stake. Teekay LNG Partners L.P. (NYSE:TGP) has risen 9.88% since January 12, 2017 and is uptrending. Bkd Wealth Advsr Limited Liability Corp holds 0.33% or 124,545 shares in its portfolio. 69,512 were accumulated by Goldman Sachs Group. Virginia Retirement Et Al reported 1.73 million shares stake.

Eagle Global Advisors Llc, which manages about $3.60 billion and $3.31B US Long portfolio, upped its stake in Gaslog Partners Lp (NYSE:GLOP) by 44,720 shares to 1.03 million shares, valued at $23.92 million in 2017Q3, according to the filing.

For the current quarter Teekay Offshore Partners LP (NYSE:TOO) has average revenue estimates of $279.56 Million, a total number of 3 analysts provided estimations over revenues. It also reduced its holding in Bunge Ltd (BGEPF) by 250 shares in the quarter, leaving it with 22,190 shares, and cut its stake in American Airlines Group (NASDAQ:AAL). The Alabama-based Cabot has invested 0.26% in Johnson & Johnson (NYSE:JNJ).

Arrow Investment Advisors Llc, which manages about $637.49 million and $332.56M US Long portfolio, decreased its stake in Arrow Invts Tr by 1.60M shares to 1.22M shares, valued at $24.35 million in 2017Q3, according to the filing. Delta Asset Mngmt Ltd Tn owns 63,823 shares. Cap Ca holds 126,700 shares or 1.09% of its portfolio. Recently, analysts have updated the overall rating to 2.

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