UBS Adjusts Price Target and Estimates on Teekay Offshore Partners LP (TOO); Growth Becoming More Clear
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Price: $1.55 --0%
Rating Summary:
4 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Teekay Offshore Partners LP (NYSE: TOO) price target of $30.00 (from $27.50).
Analyst, Ronald J. Barone, said, "TOO reported $54.2MM '12 DCF (distributable cash flow), an increase of 27% from the $42.6MM reported in the comparable year-earlier period. EBITDA in 2Q '12 was $112MM (excluding the loss on the sale of a vessel), up 24% from 2Q 2011...Incorporating 2Q'12 results and known changes in our re-worked model, we are lowering our EBITDA estimates to $417MM/$462MM, from $464MM/$500MM for 2012 and 2013, respectively." (FY12 EPS estimate lowered from $1.71 to $1.36 and FY13 from $1.93 to $1.70)
For an analyst ratings summary and ratings history on Teekay Offshore Partners LP click here. For more ratings news on Teekay Offshore Partners LP click here.
Shares of Teekay Offshore Partners LP closed at $28.71 yesterday.
Analyst, Ronald J. Barone, said, "TOO reported $54.2MM '12 DCF (distributable cash flow), an increase of 27% from the $42.6MM reported in the comparable year-earlier period. EBITDA in 2Q '12 was $112MM (excluding the loss on the sale of a vessel), up 24% from 2Q 2011...Incorporating 2Q'12 results and known changes in our re-worked model, we are lowering our EBITDA estimates to $417MM/$462MM, from $464MM/$500MM for 2012 and 2013, respectively." (FY12 EPS estimate lowered from $1.71 to $1.36 and FY13 from $1.93 to $1.70)
For an analyst ratings summary and ratings history on Teekay Offshore Partners LP click here. For more ratings news on Teekay Offshore Partners LP click here.
Shares of Teekay Offshore Partners LP closed at $28.71 yesterday.
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