News coverage about Teekay Offshore Partners L.P. (NYSE:TOO) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Offshore Partners L.P. earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.2422206185545 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently weighed in on TOO. Zacks Investment Research upgraded Teekay Offshore Partners L.P. from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a report on Thursday, July 13th. UBS AG downgraded Teekay Offshore Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Thursday, July 27th. Wells Fargo & Company upgraded Teekay Offshore Partners L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $3.50 to $4.00 in a report on Thursday, September 14th. ValuEngine upgraded Teekay Offshore Partners L.P. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley downgraded Teekay Offshore Partners L.P. from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $5.50 to $2.00 in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Teekay Offshore Partners L.P. has an average rating of “Hold” and an average price target of $3.95.

Shares of Teekay Offshore Partners L.P. (TOO) traded up 0.40% during midday trading on Friday, hitting $2.50. The stock had a trading volume of 287,740 shares. The firm has a 50-day moving average of $2.44 and a 200 day moving average of $3.34. Teekay Offshore Partners L.P. has a 12-month low of $1.65 and a 12-month high of $6.69. The firm has a market cap of $384.65 million, a PE ratio of 4.36 and a beta of 2.76.

Teekay Offshore Partners L.P. (NYSE:TOO) last posted its quarterly earnings results on Thursday, August 3rd. The shipping company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.12. The firm had revenue of $244.60 million during the quarter, compared to analysts’ expectations of $270.00 million. Teekay Offshore Partners L.P. had a return on equity of 5.24% and a net margin of 11.51%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, analysts expect that Teekay Offshore Partners L.P. will post $0.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, November 3rd will be issued a $0.01 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.60%. Teekay Offshore Partners L.P.’s payout ratio is presently 8.16%.

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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.

Insider Buying and Selling by Quarter for Teekay Offshore Partners L.P. (NYSE:TOO)

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