Top Strong Buy Is TeeKay Offshore

We use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

This week, Oil/Energy firms continue to dominate our top STRONG BUY stock list. As has been the case for weeks now, we see an over-representation of these firms at the top of our list, with four of those firms now in the top-ten. We have covered those leaders recently--tickers such as ARLP (4), NRP(1), UPLMQ (2), and AHGP (6). We have also covered the Basic Materials firms in our top-ten list like TECK (3) and RYI (8).

So, for today's bulletin we take a look at TeeKay Offshore (TOO). TeeKay Offshore sits in fifth place on our top-ten list and is found in the Transportation Sector. However, even here we see the role of the Energy/Oil Sector because TeeKay is a shipping firm focused on crude-oil transportation.

TeeKay Offshore (TOO) is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO.

VALUENGINE RECOMMENDATION: ValuEngine continues its STRONG BUY recommendation on TeeKay Offshore for 2017-02-14. Based on the information we have gathered and our resulting research, we feel that TeeKay Offshore has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Book Market Ratio.

 

ValuEngine Forecast

 

Target
Price*

Expected
Return

1-Month

6.14 1.63%

3-Month

6.04 -0.07%

6-Month

6.11 1.11%

1-Year

7.23 19.69%

2-Year

4.82 -20.15%

3-Year

3.41 -43.58%

Valuation & Rankings

Valuation

61.34% undervalued

Valuation Rank(?)

97

1-M Forecast Return

1.63%

1-M Forecast Return Rank

100

12-M Return

116.49%

Momentum Rank(?)

91

Sharpe Ratio

-0.57

Sharpe Ratio Rank(?)

15

5-Y Avg Annual Return

-32.17%

5-Y Avg Annual Rtn Rank

17

Volatility

56.37%

Volatility Rank(?)

30

Expected EPS Growth

62.46%

EPS Growth Rank(?)

77

Market Cap (billions)

0.52

Size Rank

54

Trailing P/E Ratio

9.74

Trailing P/E Rank(?)

94

Forward P/E Ratio

6.00

Forward P/E Ratio Rank

97

PEG Ratio

0.16

PEG Ratio Rank

80

Price/Sales

0.40

Price/Sales Rank(?)

88

Market/Book

0.44

Market/Book Rank(?)

94

Beta

2.39

Beta Rank

8

Alpha

-0.13

Alpha Rank

23

Disclaimer: ValuEngine.com is an independent research ...

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