Teekay Offshore Partners L.P. Company Profile (NYSE:TOO)

About Teekay Offshore Partners L.P. (NYSE:TOO)

Teekay Offshore Partners L.P. logoTeekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. Its segments include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment. Its fleet consists of over 30 shuttle tankers, such as over three chartered-in vessels and a HiLoad Dynamic Positioning unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Symbol: NYSE:TOO
  • CUSIP: N/A
  • Web: www.teekayoffshore.com
Capitalization:
  • Market Cap: $515.03 million
  • Outstanding Shares: 149,718,000
Average Prices:
  • 50 Day Moving Avg: $4.95
  • 200 Day Moving Avg: $5.28
  • 52 Week Range: $3.30 - $6.69
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 2.59
  • P/E Growth: 0.55
Sales & Book Value:
  • Annual Revenue: $1.12 billion
  • Price / Sales: 0.46
  • Book Value: $5.34 per share
  • Price / Book: 0.64
Dividend:
  • Annual Dividend: $0.44
  • Dividend Yield: 13.1%
Profitability:
  • EBIDTA: $516.63 million
  • Net Margins: -0.88%
  • Return on Equity: 18.41%
  • Return on Assets: 2.29%
Debt:
  • Debt-to-Equity Ratio: 3.40%
  • Current Ratio: 0.59%
  • Quick Ratio: 0.59%
Misc:
  • Average Volume: 976,331 shs.
  • Beta: 2.51
  • Short Ratio: 2.82
 

Frequently Asked Questions for Teekay Offshore Partners L.P. (NYSE:TOO)

What is Teekay Offshore Partners L.P.'s stock symbol?

Teekay Offshore Partners L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "TOO."

How often does Teekay Offshore Partners L.P. pay dividends? What is the dividend yield for Teekay Offshore Partners L.P.?

Teekay Offshore Partners L.P. declared a quarterly dividend on Wednesday, April 5th. Shareholders of record on Friday, May 5th will be given a dividend of $0.11 per share on Friday, May 12th. This represents a $0.44 dividend on an annualized basis and a yield of 12.79%. The ex-dividend date is Wednesday, May 3rd. View Teekay Offshore Partners L.P.'s Dividend History.

How were Teekay Offshore Partners L.P.'s earnings last quarter?

Teekay Offshore Partners L.P. (NYSE:TOO) announced its quarterly earnings data on Thursday, May, 18th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.12) by $0.22. The firm had revenue of $276.10 million for the quarter, compared to analyst estimates of $249.09 million. Teekay Offshore Partners L.P. had a positive return on equity of 18.41% and a negative net margin of 0.88%. The company's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. View Teekay Offshore Partners L.P.'s Earnings History.

Where is Teekay Offshore Partners L.P.'s stock going? Where will Teekay Offshore Partners L.P.'s stock price be in 2017?

3 brokerages have issued 12-month price targets for Teekay Offshore Partners L.P.'s stock. Their forecasts range from $0.25 to $8.00. On average, they expect Teekay Offshore Partners L.P.'s stock price to reach $4.13 in the next year. View Analyst Ratings for Teekay Offshore Partners L.P..

Who are some of Teekay Offshore Partners L.P.'s key competitors?

Who owns Teekay Offshore Partners L.P. stock?

Teekay Offshore Partners L.P.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (9.80%), Eagle Global Advisors LLC (7.46%), Avenir Corp (0.90%), Goldman Sachs Group Inc. (0.85%), OppenheimerFunds Inc. (0.65%) and Morgan Stanley (0.56%). Company insiders that own Teekay Offshore Partners L.P. stock include Barry Olson, Donald Sabo, Gregory Gerald Phaneuf and James Mahoney. View Institutional Ownership Trends for Teekay Offshore Partners L.P..

Who sold Teekay Offshore Partners L.P. stock? Who is selling Teekay Offshore Partners L.P. stock?

Teekay Offshore Partners L.P.'s stock was sold by a variety of institutional investors in the last quarter, including HITE Hedge Asset Management LLC, JPMorgan Chase & Co., UBS Group AG, Evergreen Capital Management LLC, Wells Fargo & Company MN, Gilman Hill Asset Management LLC, Neuberger Berman Group LLC and Credit Suisse AG. View Insider Buying and Selling for Teekay Offshore Partners L.P..

Who bought Teekay Offshore Partners L.P. stock? Who is buying Teekay Offshore Partners L.P. stock?

Teekay Offshore Partners L.P.'s stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., Van ECK Associates Corp, Morgan Stanley, Eagle Global Advisors LLC, Avenir Corp, Jane Street Group LLC and Arrow Investment Advisors LLC. Company insiders that have bought Teekay Offshore Partners L.P. stock in the last two years include Barry Olson, Donald Sabo, Gregory Gerald Phaneuf and James Mahoney. View Insider Buying and Selling for Teekay Offshore Partners L.P..

How do I buy Teekay Offshore Partners L.P. stock?

Shares of Teekay Offshore Partners L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Teekay Offshore Partners L.P. stock cost?

One share of Teekay Offshore Partners L.P. stock can currently be purchased for approximately $3.44.

Analyst Ratings

Consensus Ratings for Teekay Offshore Partners L.P. (NYSE:TOO) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $4.13 (19.91% upside)

Analysts' Ratings History for Teekay Offshore Partners L.P. (NYSE:TOO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/17/2017Royal Bank of CanadaReiterated RatingBuy$8.00LowView Rating Details
8/3/2016National Bank FinancialLower Price TargetC$0.30 -> C$0.25N/AView Rating Details
7/7/2016Wells Fargo & CoReiterated RatingHold -> NeutralN/AView Rating Details
5/31/2016Morgan StanleyReiterated RatingHoldN/AView Rating Details
4/4/2016Pi FinancialLower Price TargetBuyC$0.50 -> C$0.45N/AView Rating Details
3/4/2016AltaCorp CapitalLower Price TargetSpec. BuyC$0.70 -> C$0.50N/AView Rating Details
12/21/2015Raymond James Financial, Inc.Lower Price Target$21.00 -> $8.00N/AView Rating Details
12/17/2015Seaport Global SecuritiesDowngradeAccumulate -> NeutralN/AView Rating Details
12/17/2015Bank of America CorpDowngradeNeutral -> Underperform$8.00N/AView Rating Details
12/14/2015Clarkson CapitalLower Price Target$14.00N/AView Rating Details
8/7/2015Citigroup IncDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Teekay Offshore Partners L.P. (NYSE:TOO)
Earnings by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
Earnings History by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/18/20173/31/2017($0.12)$0.10$249.09 million$276.10 millionViewN/AView Earnings Details
2/23/2017Q416$0.12$0.15$275.56 million$274.92 millionViewN/AView Earnings Details
11/3/2016Q3$0.24$0.06$277.18 million$286.30 millionViewN/AView Earnings Details
5/19/2016Q116$0.40$0.58$301.82 million$306.70 millionViewListenView Earnings Details
2/18/2016Q4$0.39$0.62$312.20 million$339.14 millionViewListenView Earnings Details
11/5/2015Q3$0.43$0.13$308.54 million$285.89 millionViewN/AView Earnings Details
8/6/2015Q215$0.33$0.43$273.22 million$235.04 millionViewN/AView Earnings Details
5/14/2015$0.31($0.23)$256.34 million$228.39 millionViewN/AView Earnings Details
2/19/2015$0.33$0.34$231.06 million$236.25 millionViewN/AView Earnings Details
11/6/2014$0.38$0.25$227.60 million$229.82 millionViewN/AView Earnings Details
8/7/2014Q2$0.36$0.17$228.47 million$215.15 millionViewN/AView Earnings Details
5/15/2014Q1 14$0.40$0.36$226.25 million$225.78 millionViewN/AView Earnings Details
2/20/2014$0.39$0.40ViewN/AView Earnings Details
11/7/2013$0.31$0.09ViewN/AView Earnings Details
8/8/2013Q2 2013$0.30$0.16ViewN/AView Earnings Details
5/9/2013Q1 2013$0.28$0.23ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Teekay Offshore Partners L.P. (NYSE:TOO)
Current Year EPS Consensus Estimate: $1.08 EPS
Next Year EPS Consensus Estimate: $1.33 EPS

Dividends

Current Dividend Information for Teekay Offshore Partners L.P. (NYSE:TOO)
Most Recent Dividend:5/12/2017
Annual Dividend:$0.44
Dividend Yield:12.79%
Dividend Growth:-40.50% (3 Year Average)
Payout Ratio:-141.93% (Trailing 12 Months of Earnings)
40.74% (Based on This Year's Estimates)
33.08% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)

Dividend History by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/5/2017quarterly$0.118.56%5/3/20175/5/20175/12/2017
1/4/2017quarterly$0.117.99%2/1/20172/3/20172/10/2017
10/5/2016Quarterly$0.1111/2/201611/4/201611/10/2016
7/1/2016quarterly$0.117.52%7/27/20167/29/20168/12/2016
4/4/2016Quarterly$0.114/27/20164/29/20165/13/2016
1/20/2016Quarterly$0.112/3/20162/5/20162/12/2016
10/2/2015$0.5610/8/201510/13/201511/13/2015
7/2/2015quarterly$0.5410.77%7/10/20157/14/20158/14/2015
4/2/2015quarterly$0.5410.05%4/9/20154/13/20155/15/2015
1/5/2015quarterly$0.548.97%1/13/20151/15/20152/13/2015
10/3/2014quarterly$0.546.71%10/15/201410/17/201411/14/2014
7/11/2014quarterly$0.546.1%7/23/20147/25/20148/8/2014
4/9/2014quarterly$0.546.46%4/23/20144/25/20145/9/2014
1/15/2014quarterly$0.546.67%1/29/20141/31/20142/14/2014
10/14/2013quarterly$0.536.27%10/21/201310/23/201311/8/2013
7/15/2013quarterly$0.535.85%7/19/20137/23/20138/9/2013
4/19/2013quarterly$0.536.88%4/26/20134/30/20135/14/2013
1/22/2013quarterly$0.517.37%1/30/20132/1/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Teekay Offshore Partners L.P. (NYSE:TOO)
Institutional Ownership Percentage: 54.20%
Insider Trades by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
Institutional Ownership by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
Insider Trades by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/22/2016Barry OlsonDirectorBuy40,000$0.25$10,000.00
1/15/2016Donald SaboDirectorBuy8,500$0.20$1,700.00
9/8/2015Donald SaboDirectorBuy66,500$0.40$26,600.00
9/4/2015Donald SaboDirectorBuy33,500$0.35$11,725.00
8/27/2015Barry OlsonDirectorBuy25,000$0.40$10,000.00
8/27/2015Gregory Gerald PhaneufInsiderBuy12,500$0.40$5,000.00
7/17/2015Donald SaboDirectorBuy50,000$0.45$22,500.00
7/9/2015Donald SaboDirectorBuy50,000$0.50$25,000.00
7/3/2015Donald SaboDirectorBuy13,500$0.55$7,425.00
7/2/2015Donald SaboDirectorBuy36,500$0.55$20,075.00
4/7/2015Barry OlsonDirectorBuy40,000$0.65$26,000.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Teekay Offshore Partners L.P. (NYSE:TOO)
Latest Headlines for Teekay Offshore Partners L.P. (NYSE:TOO)
Source:
DateHeadline
seekingalpha.com logoTeekay Offshore Partners: Shareholder Dilution Was Better Than This
seekingalpha.com - May 22 at 8:34 AM
seekingalpha.com logoTeekay Offshore Partners' (TOO) CEO Ingvild Sæther on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 19 at 1:15 PM
finance.yahoo.com logoEdited Transcript of TOO earnings conference call or presentation 18-May-17 4:00pm GMT
finance.yahoo.com - May 19 at 1:15 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 18 at 5:02 PM
seekingalpha.com logoTeekay Offshore Partners beats on revenue
seekingalpha.com - May 18 at 12:40 PM
finance.yahoo.com logoTeekay Offshore Partners Reports First Quarter 2017 Results
finance.yahoo.com - May 18 at 12:40 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 10 at 8:56 AM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - May 8 at 12:54 PM
finance.yahoo.com logoTeekay Offshore Partners LP – Value Analysis (NYSE:TOO) : May 3, 2017
finance.yahoo.com - May 3 at 6:30 PM
nasdaq.com logoTeekay Offshore Partners L.P. (TOO) Ex-Dividend Date Scheduled for May 03, 2017 - Nasdaq
www.nasdaq.com - May 3 at 10:14 AM
nasdaq.com logoTeekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units About To Put More Money In Your Pocket
www.nasdaq.com - May 2 at 6:17 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Receiving Positive Press Coverage, Analysis Finds
www.americanbankingnews.com - May 2 at 9:46 AM
finance.yahoo.com logoTeekay Offshore Partners LP breached its 50 day moving average in a Bearish Manner : TOO-US : May 2, 2017
finance.yahoo.com - May 2 at 8:50 AM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Receiving Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 27 at 1:08 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Likely to Affect Teekay Offshore Partners L.P. (TOO) Stock Price
www.americanbankingnews.com - April 21 at 10:52 PM
seekingalpha.com logoThe Top 12 Reasons To Consider This 9.3% Yielder
seekingalpha.com - April 20 at 12:23 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Getting Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - April 17 at 2:40 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 11 at 11:56 AM
finance.yahoo.com logoTeekay Offshore Partners LP breached its 50 day moving average in a Bullish Manner : TOO-US : April 7, 2017
finance.yahoo.com - April 7 at 1:03 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Announces Quarterly Dividend of $0.11
www.americanbankingnews.com - April 5 at 6:54 PM
streetinsider.com logoTeekay Offshore Partners (TOO) Declares $0.11 Quarterly Dividend; 8.7% Yield
www.streetinsider.com - April 3 at 8:06 PM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Sees Large Growth in Short Interest
www.americanbankingnews.com - March 31 at 8:24 AM
americanbankingnews.com logoTeekay Offshore Partners L.P. (TOO) Receives Buy Rating from Royal Bank of Canada
www.americanbankingnews.com - March 18 at 7:16 AM
americanbankingnews.com logoTeekay Offshore Partners L.P.’s (TOO) Buy Rating Reaffirmed at Royal Bank of Canada
www.americanbankingnews.com - March 18 at 7:16 AM
streetinsider.com logoTeekay Corporation (TK) and Teekay Offshore Partners (TOO) Announce Changes to Boards of Directors - StreetInsider.com
www.streetinsider.com - March 9 at 2:59 AM
seekingalpha.com logoTeekay Offshore Partners L.P. 2016 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 23 at 10:14 PM
finance.yahoo.com logoTeekay Offshore Partners Reports Fourth Quarter and Annual 2016 Results
finance.yahoo.com - February 23 at 10:14 PM
biz.yahoo.com logoQ4 2016 Teekay Offshore Partners LP Earnings Release - Before Market Open
biz.yahoo.com - February 23 at 10:14 PM
finance.yahoo.com logo7:19 am Teekay Offshore reports Q4 (Dec) results, revs in-line
finance.yahoo.com - February 23 at 10:14 PM
nasdaq.com logoTeekay Offshore Partners Series A Cumulative Redeemable Preferred Units Ex-Dividend Reminder
www.nasdaq.com - February 3 at 6:19 AM
nasdaq.com logoTeekay Offshore Partners L.P. (TOO) Ex-Dividend Date Scheduled ... - Nasdaq
www.nasdaq.com - February 2 at 6:09 AM
seekingalpha.com logoTeekay Offshore Partners: A View From The Perspective Of A Preferred Investor - An Update
seekingalpha.com - January 27 at 10:25 PM
prnewswire.com logoTechnical Reports on Shipping Equities -- Frontline, Top Ships, Teekay Offshore Partners, and Global Ship Lease - PR Newswire (press release)
www.prnewswire.com - January 17 at 10:38 AM
seekingalpha.com logoAlerian Rebalancings: What Happens To MLPs That Are Removed?
seekingalpha.com - January 6 at 6:12 AM
theglobeandmail.com logoToro agrees to buyout by ARC Financial-owned oil firm
www.theglobeandmail.com - December 15 at 6:46 AM

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Chart

Teekay Offshore Partners L.P. (TOO) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff