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

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$1.21 -0.02 (-1.63 %)
(As of 03/24/2019 06:54 AM ET)
Previous Close$1.21
Today's Range$1.1950 - $1.25
52-Week Range$1.07 - $3.12
Volume177,107 shs
Average Volume481,885 shs
Market Capitalization$496.49 million
P/E Ratio4.84
Dividend Yield3.31%
Beta2.28
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 Offshore Installation Vessels; 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, 2018, it had a fleet of 35 shuttle tankers, 2 chartered-in vessels, 1 HiLoad dynamic positioning unit, 8 FPSO units, 6 FSO units, 10 long-distance towage 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.

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Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryN/A
SectorTransportation
CUSIPN/A
Phone441-298-2530

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.42 billion
Cash Flow$1.1863 per share
Book Value$2.62 per share

Profitability

Net Income$-116,780,000.00

Miscellaneous

Employees1,253
Market Cap$496.49 million
Next Earnings Date5/16/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Wednesday, October 3rd. Stockholders of record on Friday, November 2nd will be given a dividend of $0.01 per share on Friday, November 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, November 1st. View Teekay Offshore Partners' Dividend History.

How were Teekay Offshore Partners' earnings last quarter?

Teekay Offshore Partners L.P. (NYSE:TOO) posted its earnings results on Friday, February, 8th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The shipping company had revenue of $405.81 million for the quarter, compared to the consensus estimate of $384.50 million. Teekay Offshore Partners had a negative net margin of 8.25% and a positive return on equity of 17.18%. View Teekay Offshore Partners' Earnings History.

When is Teekay Offshore Partners' next earnings date?

Teekay Offshore Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 16th 2019. View Earnings Estimates for Teekay Offshore Partners.

What price target have analysts set for TOO?

2 Wall Street analysts have issued twelve-month target prices for Teekay Offshore Partners' shares. Their predictions range from $1.00 to $1.00. On average, they anticipate Teekay Offshore Partners' stock price to reach $1.00 in the next twelve months. This suggests that the stock has a possible downside of 17.4%. View Analyst Price Targets for Teekay Offshore Partners.

What is the consensus analysts' recommendation 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.

Has Teekay Offshore Partners been receiving favorable news coverage?

News headlines about TOO stock have trended positive on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teekay Offshore Partners earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned media headlines about the shipping company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days.

Who are some of Teekay Offshore Partners' key competitors?

What other stocks do shareholders of Teekay Offshore Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay Offshore Partners investors own include Energy Transfer LP Unit (ET), Teekay (TK), Teekay Lng Partners (TGP), NGL Energy Partners (NGL), CBL & Associates Properties (CBL), General Electric (GE), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), AT&T (T) and Prospect Capital (PSEC).

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 50)
  • Mr. Jan Rune Steinsland, Chief Financial Officer of Teekay Offshore Group Ltd. (Age 59)
  • Mr. Duncan Donaldson, Gen. Counsel of Teekay Offshore Group Ltd. (Age 39)
  • Ms. May-Brit Johnsen, Head of Leadership & Organizational Devel. of Teekay Offshore Group Ltd.
  • Ms. Edith Robinson, Sec. of Teekay Offshore GP LLC (Age 54)

Who are Teekay Offshore Partners' major shareholders?

Teekay Offshore Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (8.03%), CI Investments Inc. (1.46%), Eagle Global Advisors LLC (0.75%), First Manhattan Co. (0.41%), Van ECK Associates Corp (0.26%) and Boston Partners (0.12%). View Institutional Ownership Trends for Teekay Offshore Partners.

Which major investors are selling Teekay Offshore Partners stock?

TOO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, RR Advisors LLC, Boston Partners, First Manhattan Co., Eagle Global Advisors LLC, Van ECK Associates Corp and Raymond James Financial Services Advisors Inc.. View Insider Buying and Selling for Teekay Offshore Partners.

Which major investors are buying Teekay Offshore Partners stock?

TOO stock was bought by a variety of institutional investors in the last quarter, including CI Investments Inc., Globeflex Capital L P, Millennium Management LLC, Hsbc Holdings PLC, Essex Financial Services Inc. and Raymond James & Associates. 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 $1.21.

How big of a company is Teekay Offshore Partners?

Teekay Offshore Partners has a market capitalization of $496.49 million and generates $1.42 billion in revenue each year. The shipping company earns $-116,780,000.00 in net income (profit) each year or $0.29 on an earnings per share basis. Teekay Offshore Partners employs 1,253 workers across the globe.

What is Teekay Offshore Partners' official website?

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

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 (NYSE TOO)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  228 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  562
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.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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