Teekay Offshore Partners (TOO) Set to Announce Quarterly Earnings on Wednesday

Teekay Offshore Partners (NYSE:TOO) is set to issue its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.09 per share for the quarter.

Teekay Offshore Partners (NYSE:TOO) opened at $2.51 on Wednesday. Teekay Offshore Partners has a 12 month low of $1.65 and a 12 month high of $6.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $1,030.00, a PE ratio of -1.79, a P/E/G ratio of 1.01 and a beta of 2.75.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, February 1st. Teekay Offshore Partners’s payout ratio is -2.86%.

TOO has been the topic of several recent research reports. ValuEngine upgraded Teekay Offshore Partners from a “hold” rating to a “buy” rating in a report on Friday, December 1st. 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 report on Wednesday, November 15th. Zacks Investment Research upgraded Teekay Offshore Partners from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Thursday, October 19th. Finally, Morgan Stanley upgraded Teekay Offshore Partners from an “underweight” rating to an “equal weight” rating and set a $3.00 price target on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $4.15.

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About Teekay Offshore Partners

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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