NYSE:TOO - Teekay Offshore Partners Stock Price, Forecast & News

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

Teekay Offshore Partners L.P. (NYSE:TOO) announced its earnings results on Thursday, November, 7th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter. The shipping company earned $268.54 million during the quarter. Teekay Offshore Partners had a return on equity of 16.55% and a net margin of 0.18%. View Teekay Offshore Partners' Earnings History.

Teekay Offshore Partners is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for Teekay Offshore Partners.

2 brokerages have issued 12 month price objectives for Teekay Offshore Partners' shares. Their forecasts range from $1.00 to $1.00. On average, they expect Teekay Offshore Partners' share price to reach $1.00 in the next twelve months. This suggests that the stock has a possible downside of 35.5%. View Analyst Price Targets for Teekay Offshore Partners.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Offshore Partners in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay Offshore Partners.

Media coverage about TOO stock has been trending negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Teekay Offshore Partners earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Teekay Offshore Partners.

Teekay Offshore Partners saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 176,300 shares, a decline of 7.3% from the October 31st total of 190,100 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company's shares are sold short. View Teekay Offshore Partners' Current Options Chain.

Some companies that are related to Teekay Offshore Partners include Matson (MATX), Golar LNG (GLNG), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), International Seaways (INSW), GasLog (GLOG), GasLog Partners LP Unit (GLOP), Teekay Tankers (TNK), Golar LNG Partners (GMLP), Tidewater (TDW), KNOT Offshore Partners (KNOP), Nordic American Tanker (NAT), Hoegh LNG Partners (HMLP), Dynagas LNG Partners (DLNG) and Odyssey Marine Exploration (OMEX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay Offshore Partners investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), SunCoke Energy Partners (SXCP), SandRidge Permian Trust (PER), Cornerstone Total Return Fund (CRF), NGL Energy Partners (NGL), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Cornerstone Strategic Value Fund (CLM) and Teekay Lng Partners (TGP).

Teekay Offshore Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Brookfield Asset Management Inc. (73.26%) and Millennium Management LLC (0.02%). View Institutional Ownership Trends for Teekay Offshore Partners.

TOO stock was sold by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc. and Millennium Management LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of TOO stock can currently be purchased for approximately $1.55.

Teekay Offshore Partners has a market capitalization of $635.99 million and generates $1.42 billion in revenue each year. Teekay Offshore Partners employs 2,000 workers across the globe.View Additional Information About Teekay Offshore Partners.

The official website for Teekay Offshore Partners is http://www.teekay.com/.

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 441-298-2533 or via email at [email protected]