Teekay Offshore Partners L.P. (TOO) Reaches $3.26 1 Year Low; 4 Analysts Covering Gastar Exploration (NYSEMKT:GST)

May 25, 2017 - By Marguerite Chambers

The stock of Teekay Offshore Partners L.P. (NYSE:TOO) hit a new 52-week low and has $3.13 target or 4.00% below today’s $3.26 share price. The 7 months bearish chart indicates high risk for the $463.38 million company. The 1-year low was reported on May, 25 by Barchart.com. If the $3.13 price target is reached, the company will be worth $18.54 million less. About 348,962 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since May 25, 2016 and is downtrending. It has underperformed by 60.53% the S&P500.

Among 10 analysts covering Gastar Exploration (NYSEMKT:GST), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Gastar Exploration had 23 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Topeka Capital Markets given on Friday, May 6. Williams Capital Group upgraded Gastar Exploration Inc (NYSEMKT:GST) rating on Thursday, October 20. Williams Capital Group has “Buy” rating and $2.0 target. The firm earned “Mkt Perform” rating on Friday, October 21 by FBR Capital. GMP Securities initiated Gastar Exploration Inc (NYSEMKT:GST) rating on Wednesday, February 3. GMP Securities has “Buy” rating and $2 target. Williams Capital Group downgraded the stock to “Hold” rating in Friday, February 17 report. Williams Capital Group maintained Gastar Exploration Inc (NYSEMKT:GST) on Monday, May 15 with “Hold” rating. The stock has “Outperform” rating by Imperial Capital on Tuesday, August 11. Wells Fargo initiated the stock with “Market Perform” rating in Friday, August 14 report. The company was downgraded on Friday, May 6 by KeyBanc Capital Markets. The rating was maintained by Imperial Capital with “Outperform” on Friday, October 21. See Gastar Exploration Inc (NYSEMKT:GST) latest ratings:

15/05/2017 Broker: Williams Capital Group Rating: Hold New Target: $13.00 Maintain
17/02/2017 Broker: Williams Capital Group Old Rating: Buy New Rating: Hold New Target: $2.0 Downgrade

Teekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The company has market cap of $463.38 million. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading 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. It currently has negative earnings. The Company’s divisions include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment.

Among 6 analysts covering Teekay Offshore (NYSE:TOO), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Teekay Offshore had 11 analyst reports since August 4, 2015 according to SRatingsIntel. As per Thursday, August 18, the company rating was upgraded by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, August 13. The firm has “Buy” rating by UBS given on Monday, June 20. As per Tuesday, April 19, the company rating was initiated by Morgan Stanley. The firm earned “Neutral” rating on Thursday, December 17 by Seaport Global Securities. The stock has “Neutral” rating by Citigroup on Friday, August 7. Global Hunter Securities upgraded the shares of TOO in report on Tuesday, August 4 to “Accumulate” rating. Bank of America downgraded Teekay Offshore Partners L.P. (NYSE:TOO) on Thursday, December 17 to “Underperform” rating. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 17.

Investors sentiment decreased to 1.27 in 2016 Q4. Its down 0.92, from 2.19 in 2016Q3. It turned negative, as 12 investors sold Teekay Offshore Partners L.P. shares while 21 reduced holdings. 16 funds opened positions while 26 raised stakes. 85.64 million shares or 9.75% more from 78.03 million shares in 2016Q3 were reported. 16,429 were accumulated by Huntington Savings Bank. Citadel Advsrs Limited Liability Company holds 0% in Teekay Offshore Partners L.P. (NYSE:TOO) or 24,064 shares. Barclays Pcl invested in 0% or 39,035 shares. Commonwealth Of Pennsylvania School Empls Retrmt Systems invested in 105,574 shares or 0.01% of the stock. Millennium Management Ltd Liability stated it has 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). Benchmark Cap Advsrs has 83,500 shares. Neuberger Berman Grp Ltd Limited Liability Company stated it has 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Brown Brothers Harriman & reported 0% in Teekay Offshore Partners L.P. (NYSE:TOO). The New York-based Lucus Advisors Ltd Limited Liability Company has invested 0.37% in Teekay Offshore Partners L.P. (NYSE:TOO). Evercore Wealth Management Ltd Limited Liability Company, New York-based fund reported 5,500 shares. Deutsche Fincl Bank Ag accumulated 0% or 77,125 shares. Bank Of Montreal Can holds 1,600 shares or 0% of its portfolio. Salient Cap Advisors Ltd Liability Com holds 0.4% or 4.13M shares. Hbk Invs Ltd Partnership holds 0% or 20,926 shares in its portfolio. Evergreen Capital Mgmt Limited Liability owns 893,082 shares for 0.87% of their portfolio.

About 348,547 shares traded. Gastar Exploration Inc (NYSEMKT:GST) has risen 14.74% since May 25, 2016 and is uptrending. It has underperformed by 1.96% the S&P500.