These are some of the media stories that may have impacted Accern’s rankings:
Media coverage about Teekay Offshore Partners L.P. (NYSE:TOO) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay Offshore Partners L.P. earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 45.6286708006081 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research analysts have recently issued reports on TOO shares. Zacks Investment Research downgraded Teekay Offshore Partners L.P. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Teekay Offshore Partners L.P. in a research note on Friday, July 28th. UBS AG downgraded Teekay Offshore Partners L.P. from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 27th. Citigroup Inc. raised Teekay Offshore Partners L.P. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley downgraded Teekay Offshore Partners L.P. from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $5.50 to $2.00 in a research note on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Teekay Offshore Partners L.P. presently has a consensus rating of “Hold” and a consensus price target of $3.25.
Teekay Offshore Partners L.P. (NYSE:TOO) opened at 2.51 on Wednesday. The firm’s market cap is $375.79 million. Teekay Offshore Partners L.P. has a 1-year low of $1.65 and a 1-year high of $6.69. The stock’s 50 day moving average price is $2.43 and its 200 day moving average price is $4.34.
Teekay Offshore Partners L.P. (NYSE:TOO) last announced its earnings results on Thursday, May 18th. The shipping company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.22. Teekay Offshore Partners L.P. had a return on equity of 7.07% and a net margin of 4.98%. The business had revenue of $276.10 million during the quarter, compared to analysts’ expectations of $249.09 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts predict that Teekay Offshore Partners L.P. will post $0.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.04 annualized dividend and a yield of 1.59%. Teekay Offshore Partners L.P.’s dividend payout ratio is currently -176.00%.
About Teekay Offshore Partners L.P.
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.