Press coverage about Teekay Offshore Partners (NYSE:TOO) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay Offshore Partners earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 46.3444955933425 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Short Interest in Teekay Offshore Partners L.P. (TOO) Decreases By 33.7% (americanbankingnews.com)
- Teekay Offshore Partners LP (TOO) Technical Fundamentals and Valuation – AppsforPCdaily (appsforpcdaily.com)
- CVR Partners: Top MLP Loser in the Week Ending January 26 (finance.yahoo.com)
- How much this stock is Risky? Teekay Offshore Partners LP (TOO)’s Beta value is at 2.83 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Teekay Offshore Partners: These 8.875% Fixed-To-Floating Preferred Units Started Trading On The NYSE – Seeking Alpha (seekingalpha.com)
Shares of Teekay Offshore Partners (TOO) traded down $0.11 during trading hours on Friday, hitting $2.38. The stock had a trading volume of 905,100 shares, compared to its average volume of 1,565,191. Teekay Offshore Partners has a one year low of $1.65 and a one year high of $6.16. The firm has a market cap of $1,025.11 and a price-to-earnings ratio of -1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.54 and a quick ratio of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, February 2nd will be given a $0.01 dividend. The ex-dividend date is Thursday, February 1st. This represents a $0.04 annualized dividend and a yield of 1.68%. Teekay Offshore Partners’s payout ratio is -2.67%.
Several equities research analysts recently issued reports on TOO shares. Zacks Investment Research downgraded Teekay Offshore Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. UBS Group cut their price target on Teekay Offshore Partners from $3.00 to $2.75 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, ValuEngine raised Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $3.95.
About Teekay Offshore Partners
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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