About Teekay Offshore Partners (NYSE:TOO)
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 Ratio2.10%
Current Ratio0.49%
Quick Ratio0.49%
Price-To-Earnings
Trailing P/E Ratio256.00
Forward P/E Ratio15.88
P/E Growth2.76
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales0.94
Cash Flow$0.8115 per share
Price / Cash3.13
Book Value$2.94 per share
Price / Book0.86
Profitability
EPS (Most Recent Fiscal Year)$0.01
Net Income$-303,200,000.00
Net Margins-28.37%
Return on Equity3.87%
Return on Assets0.71%
Miscellaneous
Employees1,328
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date 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) issued its quarterly earnings results on Thursday, February, 22nd. The shipping company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.10 by $0.09. The shipping company earned $295.70 million during the quarter, compared to analysts' expectations of $279.56 million. Teekay Offshore Partners had a negative net margin of 28.37% and a positive return on equity of 3.87%. The firm's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. View Teekay Offshore Partners' Earnings History.
When is Teekay Offshore Partners' next earnings date?
What price target have analysts set for TOO?
5 equities research analysts have issued 1 year price objectives for Teekay Offshore Partners' shares. Their forecasts range from $2.75 to $4.00. On average, they anticipate Teekay Offshore Partners' stock price to reach $3.25 in the next twelve months. 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 GasLog (GLOG), Teekay Lng Partners (TGP), Golar LNG Partners (GMLP), Matson (MATX), Golden Ocean Group (GOGL), GasLog Partners (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Dynagas LNG Partners (DLNG), Nordic American Tanker (NAT), Teekay Tankers (TNK), Hornbeck Offshore Services (HOS) and Odyssey Marine Exploration (OMEX).
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. Edith Robinson, Sec. of Teekay Offshore GP LLC (Age 53)
- Mr. Idar Hillersøy, Pres of Teekay Offshore Logistics (Age 55)
Has Teekay Offshore Partners been receiving favorable news coverage?
Media stories about TOO stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay Offshore Partners earned a news impact score of 0.16 on Accern's scale. They also assigned headlines about the shipping company an impact score of 44.54 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $2.54.
How big of a company is Teekay Offshore Partners?
Teekay Offshore Partners has a market capitalization of $1.05 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 1,328 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.
Teekay Offshore Partners (NYSE:TOO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Teekay Offshore Partners in the last 12 months. Their average twelve-month price target is $3.25, suggesting that the stock has a possible upside of 27.95%. The high price target for TOO is $4.00 and the low price target for TOO is $2.75. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.60 | 2.60 | 2.50 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $3.25 | $3.25 | $4.1875 | $4.25 |
| Price Target Upside: | 27.95% upside | 44.44% upside | 76.69% upside | 72.76% upside |
Teekay Offshore Partners (NYSE:TOO) Consensus Price Target History
Teekay Offshore Partners (NYSE:TOO) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Teekay Offshore Partners (NYSE:TOO) Dividend Information
Teekay Offshore Partners pays an annual dividend of $0.04 per share, with a dividend yield of 1.57%. TOO's next quarterly dividend payment will be made on Friday, May 11. Teekay Offshore Partners pays out 400.00% of its earnings out as a dividend.
| Next Dividend: | 5/11/2018 |
| Annual Dividend: | $0.04 |
| Dividend Yield: | 1.57% |
| Dividend Growth: | -51.90% (3 Year Average) |
| Payout Ratio: | 400.00% (Trailing 12 Months of Earnings)
25.00% (Based on This Year's Estimates)
30.77% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Teekay Offshore Partners (NYSE:TOO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/4/2018 | Quarterly | $0.01 | 1.67% | 5/3/2018 | 5/4/2018 | 5/11/2018 |
| 1/5/2018 | quarterly | $0.01 | 1.54% | 2/1/2018 | 2/2/2018 | 2/9/2018 |
| 10/4/2017 | quarterly | $0.01 | 1.59% | 11/2/2017 | 11/3/2017 | 11/10/2017 |
| 7/26/2017 | Quarterly | $0.01 | 1.59% | 8/3/2017 | 8/7/2017 | 8/11/2017 |
| 4/5/2017 | quarterly | $0.11 | 8.56% | 5/3/2017 | 5/5/2017 | 5/12/2017 |
| 1/4/2017 | quarterly | $0.11 | 7.99% | 2/1/2017 | 2/3/2017 | 2/10/2017 |
| 10/5/2016 | Quarterly | $0.11 | | 11/2/2016 | 11/4/2016 | 11/10/2016 |
| 7/1/2016 | quarterly | $0.11 | 7.52% | 7/27/2016 | 7/29/2016 | 8/12/2016 |
| 4/4/2016 | Quarterly | $0.11 | | 4/27/2016 | 4/29/2016 | 5/13/2016 |
| 1/20/2016 | Quarterly | $0.11 | | 2/3/2016 | 2/5/2016 | 2/12/2016 |
| 10/2/2015 | | $0.56 | | 10/8/2015 | 10/13/2015 | 11/13/2015 |
| 7/2/2015 | quarterly | $0.5384 | 10.77% | 7/10/2015 | 7/14/2015 | 8/14/2015 |
| 4/2/2015 | quarterly | $0.5384 | 10.05% | 4/9/2015 | 4/13/2015 | 5/15/2015 |
| 1/5/2015 | quarterly | $0.5384 | 8.97% | 1/13/2015 | 1/15/2015 | 2/13/2015 |
| 10/3/2014 | quarterly | $0.5384 | 6.71% | 10/15/2014 | 10/17/2014 | 11/14/2014 |
| 7/11/2014 | quarterly | $0.5384 | 6.1% | 7/23/2014 | 7/25/2014 | 8/8/2014 |
| 4/9/2014 | quarterly | $0.5384 | 6.46% | 4/23/2014 | 4/25/2014 | 5/9/2014 |
| 1/15/2014 | quarterly | $0.5384 | 6.67% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 10/14/2013 | quarterly | $0.5253 | 6.27% | 10/21/2013 | 10/23/2013 | 11/8/2013 |
| 7/15/2013 | quarterly | $0.5253 | 5.85% | 7/19/2013 | 7/23/2013 | 8/9/2013 |
| 4/19/2013 | quarterly | $0.5253 | 6.88% | 4/26/2013 | 4/30/2013 | 5/14/2013 |
| 1/22/2013 | quarterly | $0.5125 | 7.37% | 1/30/2013 | 2/1/2013 | 2/14/2013 |
(Data available from 1/1/2013 forward)
Teekay Offshore Partners (NYSE TOO) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 77.88%
Teekay Offshore Partners (NYSE TOO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/22/2016 | Barry Olson | Director | Buy | 40,000 | $0.25 | $10,000.00 | | |
| 1/15/2016 | Donald Sabo | Director | Buy | 8,500 | $0.20 | $1,700.00 | | |
| 9/8/2015 | Donald Sabo | Director | Buy | 66,500 | $0.40 | $26,600.00 | | |
| 9/4/2015 | Donald Sabo | Director | Buy | 33,500 | $0.35 | $11,725.00 | | |
| 8/27/2015 | Barry Olson | Director | Buy | 25,000 | $0.40 | $10,000.00 | | |
| 8/27/2015 | Gregory Gerald Phaneuf | Insider | Buy | 12,500 | $0.40 | $5,000.00 | | |
| 7/17/2015 | Donald Sabo | Director | Buy | 50,000 | $0.45 | $22,500.00 | | |
| 7/9/2015 | Donald Sabo | Director | Buy | 50,000 | $0.50 | $25,000.00 | | |
| 7/3/2015 | Donald Sabo | Director | Buy | 13,500 | $0.55 | $7,425.00 | | |
| 7/2/2015 | Donald Sabo | Director | Buy | 36,500 | $0.55 | $20,075.00 | | |
| 4/7/2015 | Barry Olson | Director | Buy | 40,000 | $0.65 | $26,000.00 | | |
(Data available from 1/1/2013 forward)
Teekay Offshore Partners (NYSE TOO) News Headlines
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Teekay Offshore Partners (NYSE:TOO) SEC Filings
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Teekay Offshore Partners (NYSE:TOO) Income Statement, Balance Sheet and Cash Flow Statement
Teekay Offshore Partners (NYSE TOO) Stock Chart for Monday, April, 23, 2018
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