Somewhat Positive News Coverage Somewhat Unlikely to Impact Teekay Offshore Partners L.P. (TOO) Stock Price
Media stories about Teekay Offshore Partners L.P. (NYSE:TOO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay Offshore Partners L.P. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 45.6932884959682 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Office Depot, Inc. (ODP) noted a price change of -1.15% and Teekay Offshore Partners LP (TOO) closes with a move of … – Stocks Gallery (stocksgallery.com)
- Teekay Offshore Partners LP (TOO) Stock Price trades -38.38% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Comparing Teekay Offshore Partners L.P. (TOO) and Valero Energy Partners (VLP) (americanbankingnews.com)
- Investors should hold on Stock: Teekay Offshore Partners LP (TOO) – Street Observer (press release) (streetobserver.com)
Several research firms recently issued reports on TOO. Wells Fargo & Co raised Teekay Offshore Partners L.P. from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $3.50 to $4.00 in a research note on Thursday, September 14th. UBS AG set a $3.00 price objective on Teekay Offshore Partners L.P. and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research lowered Teekay Offshore Partners L.P. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine lowered Teekay Offshore Partners L.P. from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Teekay Offshore Partners L.P. in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Teekay Offshore Partners L.P. presently has an average rating of “Hold” and a consensus price target of $3.95.
Teekay Offshore Partners L.P. (TOO) traded up 0.39% during midday trading on Friday, reaching $2.56. The company had a trading volume of 461,886 shares. The firm has a 50-day moving average price of $2.46 and a 200-day moving average price of $3.54. The company has a market capitalization of $393.88 million, a price-to-earnings ratio of 4.47 and a beta of 2.73. Teekay Offshore Partners L.P. has a 52 week low of $1.65 and a 52 week high of $6.69.
Teekay Offshore Partners L.P. (NYSE:TOO) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.12. Teekay Offshore Partners L.P. had a return on equity of 5.24% and a net margin of 11.51%. The business had revenue of $244.60 million during the quarter, compared to analyst estimates of $270.00 million. During the same quarter in the prior year, the business posted $0.22 EPS. Teekay Offshore Partners L.P.’s revenue for the quarter was down 14.0% compared to the same quarter last year. Analysts expect that Teekay Offshore Partners L.P. will post $0.24 EPS for the current fiscal year.
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Teekay Offshore Partners L.P. 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.
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