A number of firms have modified their ratings and price targets on shares of Teekay Offshore Partners L.P. (NYSE: TOO) recently:

  • 8/7/2017 – Teekay Offshore Partners L.P. was given a new $3.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 8/2/2017 – Teekay Offshore Partners L.P. was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO. “
  • 7/28/2017 – Teekay Offshore Partners L.P. had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/27/2017 – Teekay Offshore Partners L.P. was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating.
  • 7/25/2017 – Teekay Offshore Partners L.P. was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating.
  • 7/13/2017 – Teekay Offshore Partners L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.75 price target on the stock. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO. “
  • 6/29/2017 – Teekay Offshore Partners L.P. was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO. “
  • 6/24/2017 – Teekay Offshore Partners L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $2.25 price target on the stock. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO. “

Teekay Offshore Partners L.P. (TOO) traded up 2.539% during midday trading on Wednesday, reaching $2.625. 2,313,089 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $2.43 and its 200-day moving average is $4.34. Teekay Offshore Partners L.P. has a 12-month low of $1.65 and a 12-month high of $6.69. The stock’s market capitalization is $393.01 million.

Teekay Offshore Partners L.P. (NYSE:TOO) last announced its earnings results on Thursday, August 3rd. The shipping company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. Teekay Offshore Partners L.P. had a net margin of 11.51% and a return on equity of 5.24%. The business had revenue of $244.60 million for the quarter, compared to analyst estimates of $270 million. During the same quarter last year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, equities analysts forecast that Teekay Offshore Partners L.P. will post $0.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be given a $0.01 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.56%. Teekay Offshore Partners L.P.’s dividend payout ratio (DPR) is 8.16%.

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.

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