EPS for Teekay Offshore Partners L.P. (TOO) Expected At $0.10; Gyroscope Capital Management Group Has Increased Its Amerisourcebergen (ABC) Position

February 17, 2018 - By William Brooks

Analysts expect Teekay Offshore Partners L.P. (NYSE:TOO) to report $0.10 EPS on February, 22.They anticipate $0.13 EPS change or 433.33% from last quarter’s $-0.03 EPS. TOO’s profit would be $42.12 million giving it 6.13 P/E if the $0.10 EPS is correct. After having $0.02 EPS previously, Teekay Offshore Partners L.P.’s analysts see 400.00% EPS growth. The stock increased 1.66% or $0.04 during the last trading session, reaching $2.45. About 730,124 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since February 17, 2017 and is downtrending. It has underperformed by 60.53% the S&P500.

Gyroscope Capital Management Group Llc increased Amerisourcebergen Corp (ABC) stake by 9.32% reported in 2017Q3 SEC filing. Gyroscope Capital Management Group Llc acquired 5,773 shares as Amerisourcebergen Corp (ABC)’s stock declined 1.76%. The Gyroscope Capital Management Group Llc holds 67,695 shares with $5.60 million value, up from 61,922 last quarter. Amerisourcebergen Corp now has $21.84B valuation. The stock increased 2.24% or $2.18 during the last trading session, reaching $99.4. About 2.79M shares traded or 39.29% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 17, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.21, from 0.69 in 2017Q2. It increased, 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. Brown Brothers Harriman & reported 2,500 shares. Alliancebernstein L P holds 13,499 shares. Natixis, France-based fund reported 25,000 shares. Benchmark Advsr, New York-based fund reported 81,500 shares. Citadel Lc holds 0% or 55,945 shares in its portfolio. Susquehanna Intll Grp Llp invested in 0% or 605,584 shares. Fincl Svcs holds 0% or 1,200 shares. Pinnacle Lc invested in 0.01% or 9,457 shares. Barnett Inc stated it has 1,600 shares. Integral Derivatives Limited Liability Company, New York-based fund reported 13,000 shares. Ballentine Partners Ltd Liability Company, Massachusetts-based fund reported 98,000 shares. Magnetar Limited Liability Corporation holds 0.74% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 13.91M shares. Obermeyer Wood Inv Counsel Lllp has 10,964 shares. Ci Invests owns 2.50M shares for 0.12% of their portfolio. Berson Corrado Invest Advsrs Limited Liability Company reported 598,701 shares.

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Teekay Offshore had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, August 18 by RBC Capital Markets. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 14. On Friday, August 7 the stock rating was downgraded by Citigroup to “Neutral”. Global Hunter Securities upgraded Teekay Offshore Partners L.P. (NYSE:TOO) on Tuesday, August 4 to “Accumulate” rating. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Buy” rating by Citigroup on Wednesday, July 26. On Monday, June 20 the stock rating was maintained by UBS with “Buy”. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Market Perform” rating by Raymond James on Friday, July 28. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has “Sector Perform” rating given on Thursday, August 13 by RBC Capital Markets. The rating was maintained by UBS on Wednesday, November 15 with “Buy”. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 19.

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. The company has market cap of $1.03 billion. The firm operates through six divisions: Floating Production, Storage and Offloading ; Shuttle Tanker; Floating Storage and Off-Take (FSO); Units for Maintenance and Safety (UMS); Towage; and Conventional Tanker. It currently has negative earnings. As of December 31, 2016, its fleet consisted of 31 shuttle tankers, 6 FPSO units, 7 FSO units, 7 long-distance towing and offshore installation vessels, 1 UMS, and 2 chartered-in conventional oil tankers.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen has $130 highest and $9 lowest target. $95.88’s average target is -3.54% below currents $99.4 stock price. AmerisourceBergen had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 3 by Mizuho. Leerink Swann maintained it with “Buy” rating and $9000 target in Monday, August 7 report. Mizuho maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Tuesday, May 30. Mizuho has “Hold” rating and $9300 target. The rating was maintained by UBS with “Buy” on Friday, February 5. Bank of America downgraded the shares of ABC in report on Friday, June 30 to “Neutral” rating. Avondale upgraded AmerisourceBergen Corporation (NYSE:ABC) on Tuesday, October 4 to “Mkt Outperform” rating. Jefferies maintained it with “Hold” rating and $9500 target in Thursday, July 27 report. Robert W. Baird upgraded the shares of ABC in report on Thursday, October 5 to “Outperform” rating. The firm has “Neutral” rating by UBS given on Thursday, October 6. The firm has “Mkt Perform” rating given on Thursday, February 4 by FBR Capital.

Gyroscope Capital Management Group Llc decreased Lockheed Martin Corp (NYSE:LMT) stake by 16,681 shares to 1,130 valued at $351,000 in 2017Q3. It also reduced Johnson & Johnson (NYSE:JNJ) stake by 5,303 shares and now owns 2,878 shares. Abbvie Inc (NYSE:ABBV) was reduced too.

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By1 William Brooks

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