Teekay Offshore Partners (TOO) Receives Coverage Optimism Score of 0.22

News headlines about Teekay Offshore Partners (NYSE:TOO) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Offshore Partners earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 45.6235464937839 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Teekay Offshore Partners (TOO) opened at $2.23 on Thursday. The company has a market capitalization of $934.90, a price-to-earnings ratio of -1.59 and a beta of 2.79. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.90. Teekay Offshore Partners has a 12-month low of $1.65 and a 12-month high of $6.30.

Several analysts have recently commented on the company. Zacks Investment Research cut Teekay Offshore Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Wells Fargo & Co raised Teekay Offshore Partners from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $3.50 to $4.00 in a research report on Thursday, September 14th. ValuEngine raised Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group decreased their target price on Teekay Offshore Partners from $3.00 to $2.75 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Teekay Offshore Partners currently has an average rating of “Hold” and an average target price of $3.95.

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Teekay Offshore Partners 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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