Teekay Offshore Partners L.P. (TOO) Trades at $2.60 After Triangle; 7 Analysts Are Bullish Echo Global Logistics, Inc. (ECHO) Last Week

Teekay Offshore Partners L.P. (TOO) formed triangle with $2.75 target or 6.00% above today’s $2.60 share price. Teekay Offshore Partners L.P. (TOO) has $1.09B valuation. The stock decreased 0.04% or $0.001 during the last trading session, reaching $2.599. About 22,011 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since January 9, 2017 and is downtrending. It has underperformed by 60.53% the S&P500.

Among 14 analysts covering Echo Global Logistics (NASDAQ:ECHO), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Echo Global Logistics had 34 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Sell” rating by Zacks on Wednesday, September 2. As per Friday, December 8, the company rating was maintained by Stifel Nicolaus. Cowen & Co maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Wednesday, August 30 with “Buy” rating. The stock has “Outperform” rating by Barrington Research on Friday, August 28. The stock has “Hold” rating by Macquarie Research on Thursday, December 14. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Overweight” rating given on Monday, July 11 by JP Morgan. The firm has “Sell” rating by UBS given on Thursday, October 26. Barrington Research maintained the stock with “Outperform” rating in Monday, October 31 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 28 report. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Buy” rating by Stifel Nicolaus on Monday, July 17. See Echo Global Logistics, Inc. (NASDAQ:ECHO) latest ratings:

14/12/2017 Broker: Macquarie Research Rating: Hold New Target: $29.0 Downgrade
08/12/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $31.0 Maintain
30/10/2017 Broker: Barrington Rating: Buy New Target: $26.0
26/10/2017 Broker: UBS Rating: Sell New Target: $19.0 Maintain
26/10/2017 Broker: Credit Suisse Rating: Neutral Old Target: $17 New Target: $20 Maintain
26/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $14 New Target: $15 Maintain
26/10/2017 Broker: Stifel Nicolaus Rating: Buy Old Target: $21 New Target: $25 Maintain
26/10/2017 Broker: Cowen & Co Rating: Buy New Target: $23.0 Maintain
12/10/2017 Broker: JP Morgan Rating: Overweight Old Target: $19 New Target: $25 Maintain
28/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $21.0 Maintain

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.21, from 0.69 in 2017Q2. It improved, as 9 investors sold Teekay Offshore Partners L.P. shares while 21 reduced holdings. 14 funds opened positions while 13 raised stakes. 71.14 million shares or 4.21% less from 74.27 million shares in 2017Q2 were reported. Alliancebernstein Limited Partnership holds 13,499 shares. Eagle Glob Advisors Limited Liability owns 9.25 million shares for 0.66% of their portfolio. Raymond James Fincl Service accumulated 0.01% or 368,728 shares. 1,600 are held by Bancorp Of Montreal Can. Jpmorgan Chase & invested 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). Weiss Multi holds 1.34 million shares. 2,500 were accumulated by Brown Brothers Harriman &. Berson & Corrado Investment Advisors Ltd Liability Corporation holds 598,701 shares. Deutsche Savings Bank Ag holds 0% or 125 shares in its portfolio. Hite Hedge Asset Lc stated it has 1.27 million shares or 0.78% of all its holdings. Guggenheim Ltd Liability Corp has 1.17 million shares for 0.01% of their portfolio. Barnett reported 0% stake. 53,957 are owned by Wells Fargo Mn. Creative Planning holds 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 24,795 shares. Susquehanna Intl Group Limited Liability Partnership holds 605,584 shares or 0% of its portfolio.

Analysts await Teekay Offshore Partners L.P. (NYSE:TOO) to report earnings on February, 22. They expect $0.10 earnings per share, up 433.33% or $0.13 from last year’s $-0.03 per share. TOO’s profit will be $42.09M for 6.50 P/E if the $0.10 EPS becomes a reality. After $0.02 actual earnings per share reported by Teekay Offshore Partners L.P. for the previous quarter, Wall Street now forecasts 400.00% EPS growth.

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Teekay Offshore had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, December 17 by Seaport Global Securities. The rating was upgraded by RBC Capital Markets to “Outperform” on Thursday, August 18. The stock has “Neutral” rating by Citigroup on Friday, August 7. The stock has “Market Perform” rating by Raymond James on Friday, July 28. The rating was maintained by UBS on Wednesday, November 15 with “Buy”. Bank of America downgraded the stock to “Underperform” rating in Thursday, December 17 report. Global Hunter Securities upgraded Teekay Offshore Partners L.P. (NYSE:TOO) rating on Tuesday, August 4. Global Hunter Securities has “Accumulate” rating and $23 target. UBS maintained the stock with “Buy” rating in Monday, June 20 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, December 17 report. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has “Sector Perform” rating given on Thursday, August 13 by RBC Capital Markets.

The stock increased 1.05% or $0.3 during the last trading session, reaching $28.75. About 4,180 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since January 9, 2017 and is downtrending. It has underperformed by 33.84% the S&P500.