|Bid||3.86 x 1300|
|Ask||3.87 x 800|
|Day's Range||3.7950 - 3.9100|
|52 Week Range||2.9200 - 9.2300|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 21, 2019|
|Forward Dividend & Yield||0.22 (5.79%)|
|1y Target Est||3.10|
Highlights GAAP net income of $67.8 million, or $0.14 per common unit, in the fourth quarter 2018Adjusted net income attributable to the partners and preferred unitholders(1).
HAMILTON, Bermuda, Feb. 04, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) plan to release their financial results for the fourth quarter of 2018 before.
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO), today announced that the Partnership is reducing its quarterly common unit cash distributions to zero, down from $0.01 per common unit in previous quarters, in order to reinvest additional cash in the business and further strengthen its balance sheet. There are no changes to the quarterly cash distributions relating to any of the Partnership’s outstanding preferred units, which were declared today and announced under a separate news release. “The decision to reduce our common unit cash distributions was not reflective of the financial performance of the Partnership, which continues to largely generate stable cash flows, supported by a large and well-diversified portfolio of fee-based contracts with high-quality counterparties,” commented Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd. “Our Board of Directors has carefully assessed our capital allocation plan and believes it is in the best interests of our common unitholders to conserve more of our internally generated cash flows to reinvest in the business and reduce financial leverage.
HAMILTON, Bermuda, Jan. 08, 2019 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared.
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP), has declared a cash distribution of $0.14 per common unit for the quarter ended December 31, 2018 which will be a 2019 reportable event for United States tax purposes, and will be subject to Form 1099 reporting, instead of a Schedule K-1. The cash distribution is payable on February 8, 2019 to all common unitholders of record on February 1, 2019. As previously-announced, the Partnership expects to increase its quarterly common unit distribution by 36 percent to $0.19 per unit, commencing with the first quarter of 2019 distribution to be paid in May 2019. All future common unit distributions are expected to be reported on Form 1099 for United States tax purposes.
HAMILTON, Bermuda, Jan. 08, 2019 -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its Board of Directors has declared a cash dividend on its common stock.
Before we spend days researching a stock idea we’d like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 8.7% through October 26th. Forty percent of the S&P 500 constituents were down more than 10%. The average return of a randomly picked stock […]
HAMILTON, Bermuda, Dec. 14, 2018 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions.
The big shareholder groups in Teekay Corporation (NYSE:TK) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions Read More...
Teekay (TK) delivered earnings and revenue surprises of -200.00% and 4.64%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Hamilton, Bermuda-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, were 11 cents per share. The oil and gas shipping company posted revenue of ...
A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility. The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows. It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.
Teekay (TK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
* LNG shipping rates tend to go up during the Northern Hemisphere winter and summer when gas is used for heating or cooling. * A recovery in the shipping rates from about three years of depressed levels has begun to boost earnings of LNG shipping companies such as Gaslog, Golar and Hoegh .