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
Current SymbolNYSE:TOO
Previous Symbol
CUSIPN/A
Phone441-298-2530
Debt
Debt-to-Equity Ratio2.57
Current Ratio0.52
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio186.00
Forward P/E Ratio-9.79
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales0.69
Cash Flow$0.8230 per share
Price / Cash2.26
Book Value$2.50 per share
Price / Book0.74
Profitability
EPS (Most Recent Fiscal Year)$0.01
Net Income$-303,200,000.00
Net Margins-13.24%
Return on Equity3.40%
Return on Assets0.57%
Miscellaneous
Employees1,253
Outstanding Shares410,050,000
Market Cap$762.68 million
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 declared a quarterly dividend on Wednesday, October 3rd. Investors 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 yield of 2.15%. 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) issued its quarterly earnings results on Thursday, May, 19th. The shipping company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.18. The shipping company had revenue of $306.70 million for the quarter, compared to analysts' expectations of $301.82 million. Teekay Offshore Partners had a positive return on equity of 3.40% and a negative net margin of 13.24%. The business's quarterly revenue was up 15.7% compared to the same quarter last year. View Teekay Offshore Partners' Earnings History.
When is Teekay Offshore Partners' next earnings date?
What price target have analysts set for TOO?
1 brokers have issued 1-year price targets for Teekay Offshore Partners' stock. Their predictions range from $2.75 to $2.75. On average, they expect Teekay Offshore Partners' share price to reach $2.75 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price. View Analyst Price Targets for Teekay Offshore Partners.
What is the consensus analysts' recommendation for Teekay Offshore Partners?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Offshore Partners in the last year. There are currently 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 been trending very positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Teekay Offshore Partners earned a news impact score of 4.0 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
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 (TGP), GasLog Partners LP Unit (GLOP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Tidewater (TDW), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), International Seaways (INSW), Nordic American Tanker (NAT), Teekay Tankers (TNK), Dynagas LNG Partners (DLNG) and Hornbeck Offshore Services (HOS).
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. Jan Rune Steinsland, Chief Financial Officer (Age 58)
- 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)
Who are Teekay Offshore Partners' major shareholders?
Teekay Offshore Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (8.41%), Luminus Management LLC (2.33%), TCW Group Inc. (0.29%), RR Advisors LLC (0.26%), JPMorgan Chase & Co. (0.16%) and JPMorgan Chase & Co. (0.16%). View Institutional Ownership Trends for Teekay Offshore Partners.
Which institutional investors are selling Teekay Offshore Partners stock?
Which institutional investors are buying Teekay Offshore Partners stock?
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 $1.86.
How big of a company is Teekay Offshore Partners?
Teekay Offshore Partners has a market capitalization of $762.68 million 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.
What is Teekay Offshore Partners' official website?
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.
