Media coverage about Teekay Offshore Partners (NYSE:TOO) has been trending somewhat positive on Monday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Offshore Partners earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 47.2122748003015 out of 100, indicating 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 articles that may have effected Accern’s analysis:
- Teekay Offshore Partners (TOO) Upgraded to Buy at ValuEngine (americanbankingnews.com)
- Teekay Offshore Partners LP (TOO) Is It Worthy for Investors? – ExpertGazette (expertgazette.com)
- Teekay Offshore Partners Announces First Oil and Contract Start-up for the Libra FPSO – GlobeNewswire (press release) (globenewswire.com)
- Teekay Offshore Partners Announces First Oil and Contract Start-up for the Libra FPSO (Video) (vesselfinder.com)
- Samsung Heavy bags US$240 mln order for 2 shuttle tankers (hellenicshippingnews.com)
Several analysts have recently commented on TOO shares. UBS set a $3.00 target price on shares of Teekay Offshore Partners and gave the stock a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut shares of Teekay Offshore Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of Teekay Offshore Partners from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wells Fargo & Company upgraded shares of Teekay Offshore Partners from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $3.50 to $4.00 in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.95.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.67%. Teekay Offshore Partners’s dividend payout ratio is -2.67%.
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Teekay Offshore Partners 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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