Media stories about Teekay Offshore Partners (NYSE:TOO) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay Offshore Partners earned a news impact score of 0.09 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.764213446664 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several research firms recently weighed in on TOO. Zacks Investment Research upgraded shares of Teekay Offshore Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 26th. Morgan Stanley restated a “hold” rating on shares of Teekay Offshore Partners in a research report on Thursday, June 14th. Finally, ValuEngine upgraded shares of Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research report on Monday, April 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.13.

Shares of TOO traded down $0.01 during mid-day trading on Friday, hitting $2.46. 119,171 shares of the company were exchanged, compared to its average volume of 607,602. Teekay Offshore Partners has a 1-year low of $2.14 and a 1-year high of $3.12. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 12.48. The company has a market cap of $1.05 billion, a PE ratio of 246.00 and a beta of 2.56.

Teekay Offshore Partners (NYSE:TOO) last released its quarterly earnings results on Thursday, May 17th. The shipping company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). Teekay Offshore Partners had a positive return on equity of 2.83% and a negative net margin of 36.83%. The company had revenue of $288.19 million for the quarter, compared to analyst estimates of $267.37 million. sell-side analysts expect that Teekay Offshore Partners will post -0.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 10th. Investors of record on Friday, August 3rd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.04 annualized dividend and a dividend yield of 1.63%. Teekay Offshore Partners’s dividend payout ratio (DPR) is presently 400.00%.

About Teekay Offshore Partners

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.

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