Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. It operates in six segments: Floating Production, Storage and Offloading (FPSO); Shuttle Tanker; Floating Storage and Off-Take (FSO); Unit for Maintenance and Safety (UMS); Towage; and Conventional Tanker. The company serves customers in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. As at December 31, 2017, it had a fleet of 37 shuttle tankers, 3 chartered-in vessels, 1 HiLoad dynamic positioning unit, 8 FPSO units, 6 FSO units, 10 long-distance towing and offshore installation vessels, 1 UMS, and 2 chartered-in conventional oil tankers. Teekay Offshore GP L.L.C. serves as the general partner of Teekay Offshore Partners L.P. The company was founded in 2006 and is based in Hamilton, Bermuda. Teekay Offshore Partners L.P. is a subsidiary of Brookfield TK TOLP L.P.
Industry, Sector and Symbol
Industry Water transportation
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:TOO
CUSIPN/A
Phone441-298-2530
Debt
Debt-to-Equity Ratio1.93
Current Ratio0.43
Quick Ratio0.43
Price-To-Earnings
Trailing P/E Ratio23.00
Forward P/E Ratio18.57
P/E Growth3.01
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales0.96
Cash Flow$0.8442 per share
Price / Cash3.08
Book Value$2.94 per share
Price / Book0.88
Profitability
EPS (Most Recent Fiscal Year)$0.01
Net Income$-303,200,000.00
Net Margins-26.78%
Return on Equity3.41%
Return on Assets0.68%
Miscellaneous
Employees1,253
Outstanding Shares410,050,000
Teekay Offshore Partners (NYSE:TOO) Frequently Asked Questions
What is Teekay Offshore Partners' stock symbol?
Teekay Offshore Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "TOO."
How often does Teekay Offshore Partners pay dividends? What is the dividend yield for Teekay Offshore Partners?
Teekay Offshore Partners declared a quarterly dividend on Wednesday, April 4th. Investors of record on Friday, May 4th will be paid a dividend of $0.01 per share on Friday, May 11th. This represents a $0.04 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 3rd. View Teekay Offshore Partners' Dividend History.
How were Teekay Offshore Partners' earnings last quarter?
Teekay Offshore Partners L.P. (NYSE:TOO) released its quarterly earnings results on Thursday, May, 17th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.05. The shipping company earned $288.19 million during the quarter, compared to analyst estimates of $267.37 million. Teekay Offshore Partners had a positive return on equity of 3.41% and a negative net margin of 26.78%. View Teekay Offshore Partners' Earnings History.
When is Teekay Offshore Partners' next earnings date?
What price target have analysts set for TOO?
5 Wall Street analysts have issued twelve-month target prices for Teekay Offshore Partners' stock. Their forecasts range from $2.75 to $4.00. On average, they expect Teekay Offshore Partners' share price to reach $3.1667 in the next year. View Analyst Ratings for Teekay Offshore Partners.
Who are some of Teekay Offshore Partners' key competitors?
Some companies that are related to Teekay Offshore Partners include Golar LNG (GLNG), Matson (MATX), GasLog (GLOG), Teekay Lng Partners, L.P. Common Stock (TGP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), GasLog Partners LP Unit (GLOP), Kenon (KEN), KNOT Offshore Partners (KNOP), Tidewater (TDW), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Teekay Tankers (TNK) and Dynagas LNG Partners (DLNG).
Who are Teekay Offshore Partners' key executives?
Teekay Offshore Partners' management team includes the folowing people:
- Ms. Ingvild Sæther, Pres & CEO of Teekay Offshore Group Ltd (Age 49)
- Mr. David Wong, Chief Financial Officer of Teekay Offshore Group Ltd (Age 47)
- Mr. Duncan Donaldson, Gen. Counsel of Teekay Offshore Group Ltd. (Age 38)
- Ms. May-Brit Johnsen, Head of Leadership & Organizational Devel. of Teekay Offshore Group Ltd.
- Ms. Edith Robinson, Sec. of Teekay Offshore GP LLC (Age 53)
Has Teekay Offshore Partners been receiving favorable news coverage?
Media coverage about TOO stock has trended somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay Offshore Partners earned a media sentiment score of 0.10 on Accern's scale. They also assigned headlines about the shipping company an impact score of 47.79 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Teekay Offshore Partners' major shareholders?
Teekay Offshore Partners' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Brookfield Asset Management Inc. (59.55%), CI Global Investments Inc. (1.10%), Eagle Global Advisors LLC (1.06%), Evergreen Capital Management LLC (0.36%), Van ECK Associates Corp (0.27%) and Guggenheim Capital LLC (0.23%). View Institutional Ownership Trends for Teekay Offshore Partners.
Which institutional investors are selling Teekay Offshore Partners stock?
Which institutional investors are buying Teekay Offshore Partners stock?
TOO stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Cannell Peter B & Co. Inc., Van ECK Associates Corp, CI Global Investments Inc., Brookfield Asset Management Inc., Evergreen Capital Management LLC, Susquehanna Fundamental Investments LLC and GSA Capital Partners LLP. View Insider Buying and Selling for Teekay Offshore Partners.
How do I buy shares of Teekay Offshore Partners?
Shares of TOO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay Offshore Partners' stock price today?
One share of TOO stock can currently be purchased for approximately $2.60.
How big of a company is Teekay Offshore Partners?
Teekay Offshore Partners has a market capitalization of $1.04 billion and generates $1.11 billion in revenue each year. The shipping company earns $-303,200,000.00 in net income (profit) each year or $0.01 on an earnings per share basis. Teekay Offshore Partners employs 1,253 workers across the globe.
How can I contact Teekay Offshore Partners?
Teekay Offshore Partners' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]
MarketBeat Community Rating for Teekay Offshore Partners (TOO)
MarketBeat's community ratings are surveys of what our community members think about Teekay Offshore Partners and other stocks. Vote "Outperform" if you believe TOO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TOO will underperform the S&P 500 over the long term. You may vote once every thirty days.
