Teekay Offshore Partners (TOO) Set to Announce Earnings on Thursday

Teekay Offshore Partners (NYSE:TOO) will release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Teekay Offshore Partners to post earnings of $0.09 per share for the quarter.

Teekay Offshore Partners (NYSE TOO) opened at $2.45 on Tuesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.54 and a current ratio of 0.54. Teekay Offshore Partners has a one year low of $1.65 and a one year high of $5.90. The stock has a market capitalization of $1,000.00, a price-to-earnings ratio of -1.75, a PEG ratio of 1.10 and a beta of 2.75.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 1st. Teekay Offshore Partners’s dividend payout ratio (DPR) is presently -2.86%.

Several brokerages have recently issued reports on TOO. Morgan Stanley raised Teekay Offshore Partners from an “underweight” rating to an “equal weight” rating and set a $3.00 price target on the stock in a research note on Monday, February 12th. Zacks Investment Research raised Teekay Offshore Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine raised Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, UBS Group cut their price target on Teekay Offshore Partners from $3.00 to $2.75 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Teekay Offshore Partners presently has an average rating of “Buy” and an average target price of $4.15.

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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.

Earnings History for Teekay Offshore Partners (NYSE:TOO)

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