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
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:TOO
CUSIPN/A
Phone441-298-2530
Debt
Debt-to-Equity Ratio12.48
Current Ratio0.61
Quick Ratio0.61
Price-To-Earnings
Trailing P/E Ratio246.00
Forward P/E Ratio-9.11
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales0.91
Cash Flow$0.7935 per share
Price / Cash3.10
Book Value$2.94 per share
Price / Book0.84
Profitability
EPS (Most Recent Fiscal Year)$0.01
Net Income$-303,200,000.00
Net Margins-36.83%
Return on Equity2.83%
Return on Assets0.49%
Miscellaneous
Employees1,253
Outstanding Shares410,050,000
Market Cap$1.05 billion
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 Monday, July 9th. Shareholders of record on Friday, August 3rd will be given a dividend of $0.01 per share on Friday, August 10th. This represents a $0.04 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, August 2nd. View Teekay Offshore Partners' Dividend History.
How were Teekay Offshore Partners' earnings last quarter?
Teekay Offshore Partners L.P. (NYSE:TOO) released its earnings results on Thursday, May, 19th. The shipping company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.18. The shipping company earned $306.70 million during the quarter, compared to the consensus estimate of $301.82 million. Teekay Offshore Partners had a negative net margin of 36.83% and a positive return on equity of 2.83%. The company's revenue was up 15.7% on a year-over-year basis. View Teekay Offshore Partners' Earnings History.
When is Teekay Offshore Partners' next earnings date?
What price target have analysts set for TOO?
3 equities research analysts have issued 12 month target prices for Teekay Offshore Partners' stock. Their forecasts range from $2.75 to $4.00. On average, they anticipate Teekay Offshore Partners' share price to reach $3.1667 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Teekay Offshore Partners.
What is the consensus analysts' recommendation for Teekay Offshore Partners?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Offshore Partners in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG) and Teekay Tankers (TNK).
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. Tim Cowan, Interim Chief Financial Officer of Teekay Offshore Group Ltd
- 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?
Headlines about TOO stock have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Offshore Partners earned a media and rumor sentiment score of 0.05 on Accern's scale. They also assigned news coverage about the shipping company an impact score of 46.86 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Teekay Offshore Partners.
Who are Teekay Offshore Partners' major shareholders?
Teekay Offshore Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (7.98%), Luminus Management LLC (2.42%), Eagle Global Advisors LLC (0.95%), First Manhattan Co. (0.49%), Van ECK Associates Corp (0.30%) and Boston Partners (0.27%). View Institutional Ownership Trends for Teekay Offshore Partners.
Which major investors are selling Teekay Offshore Partners stock?
Which major investors are buying Teekay Offshore Partners stock?
TOO stock was bought by a variety of institutional investors in the last quarter, including Luminus Management LLC, Boston Partners, Van ECK Associates Corp, Renaissance Technologies LLC, GSA Capital Partners LLP, Royce & Associates LP, California Public Employees Retirement System and Natixis. 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 $2.46.
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 1,253 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 (NYSE 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.
