Teekay Offshore Partners L.P. (NYSE:TOO) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 16th. Analysts expect Teekay Offshore Partners L.P. to post earnings of $0.12 per share for the quarter.
Shares of Teekay Offshore Partners L.P. (NYSE:TOO) traded down 1.02% during midday trading on Tuesday, reaching $5.84. The company’s stock had a trading volume of 90,789 shares. Teekay Offshore Partners L.P. has a 52 week low of $2.62 and a 52 week high of $7.25. The firm’s 50 day moving average is $5.74 and its 200 day moving average is $5.64. The firm’s market capitalization is $835.46 million.
The company also recently announced a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, February 3rd were issued a $0.11 dividend. The ex-dividend date was Wednesday, February 1st. This represents a $0.44 annualized dividend and a yield of 7.46%. Teekay Offshore Partners L.P.’s dividend payout ratio (DPR) is presently -141.93%.
Separately, Zacks Investment Research upgraded shares of Teekay Offshore Partners L.P. from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.21.
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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.
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