Teekay Offshore Partners (TOO) Getting Somewhat Favorable Media Coverage, Analysis Shows

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:

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.

Teekay Offshore Partners (NYSE:TOO) last announced its quarterly earnings results on Thursday, November 9th. The shipping company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). Teekay Offshore Partners had a negative net margin of 21.88% and a positive return on equity of 3.91%. The company had revenue of $248.52 million during the quarter, compared to analyst estimates of $252.12 million. equities research analysts anticipate that Teekay Offshore Partners will post -0.99 EPS for the current fiscal year.

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.

WARNING: “Teekay Offshore Partners (TOO) Getting Somewhat Favorable Media Coverage, Analysis Shows” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://baseballnewssource.com/2018/02/02/teekay-offshore-partners-too-earns-coverage-optimism-score-of-0-18/1824599.html.

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.

Insider Buying and Selling by Quarter for Teekay Offshore Partners (NYSE:TOO)

Receive News & Ratings for Teekay Offshore Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Offshore Partners and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.