Teekay Offshore Part (TOO) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Teekay Offshore Part (NYSE:TOO) posted its quarterly earnings results on Thursday. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.04, AnalystRatingsNetwork reports.
Shares of Teekay Offshore Part (NYSE:TOO) opened at 36.08 on Thursday. Teekay Offshore Part has a 52-week low of $29.24 and a 52-week high of $36.74. The stock has a 50-day moving average of $34.23 and a 200-day moving average of $32.68. The company has a market cap of $3.083 billion and a P/E ratio of 41.18.
On a related note, analysts at Clarkson Capital initiated coverage on shares of Teekay Offshore Part in a research note on Friday, February 28th. They set a “market perform” rating and a $35.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $34.34.
Teekay Offshore Partners L.P. (NYSE:TOO) is an international provider of marine transportation and storage services to the offshore oil industry.
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