Teekay Offshore Partners L.P. (TOO) Receiving Somewhat Favorable Media Coverage, Report Finds
News stories about Teekay Offshore Partners L.P. (NYSE:TOO) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay Offshore Partners L.P. earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 47.3281910119945 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Teekay Offshore Partners LP breached its 50 day moving average in a Bearish Manner : TOO-US : November 10, 2017 – Investing.com (investing.com)
- Teekay Offshore Partners L.P. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Focus on Unusual Volume Mover: Teekay Offshore Partners LP (TOO) – Wall Street Morning (wallstreetmorning.com)
- Teekay Offshore Partners’ (TOO) CEO Ingvild Sæther on Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Edited Transcript of TOO earnings conference call or presentation 9-Nov-17 5:00pm GMT (finance.yahoo.com)
Several equities research analysts have issued reports on TOO shares. UBS AG set a $3.00 price objective on shares of Teekay Offshore Partners L.P. and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Teekay Offshore Partners L.P. from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Thursday, October 19th. Citigroup Inc. upgraded shares of Teekay Offshore Partners L.P. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Teekay Offshore Partners L.P. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Teekay Offshore Partners L.P. in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.00.
Teekay Offshore Partners L.P. (NYSE TOO) traded up $0.02 during midday trading on Friday, hitting $2.53. 3,113,800 shares of the stock were exchanged, compared to its average volume of 653,637. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.66. Teekay Offshore Partners L.P. has a 52 week low of $1.65 and a 52 week high of $6.30. The firm has a market capitalization of $389.26, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 1.36 and a beta of 2.83.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.58%. Teekay Offshore Partners L.P.’s payout ratio is -2.67%.
Teekay Offshore Partners L.P. Company Profile
Teekay 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.
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