|Bid||1.00 x 2200|
|Ask||0.00 x 900|
|Day's Range||1.3227 - 1.4400|
|52 Week Range||1.1300 - 3.1200|
|Beta (3Y Monthly)||2.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.04 (2.94%)|
|1y Target Est||2.17|
Investors need to pay close attention to Teekay Offshore Partners (TOO) stock based on the movements in the options market lately.
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.
“Value has performed relatively poorly since the 2017 shift, but we believe challenges to the S&P 500’s dominance are mounting and resulting active opportunities away from the index are growing. At some point, this fault line will break, likely on the back of rising rates, and all investors will be reminded that the best time […]
NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Highlights Reported GAAP net loss attributable to the partners and preferred unitholders of $38.6 million and GAAP net loss per common unit of $0.11 in the third quarter of.
As part of the settlement agreement, Petrobras has agreed to pay a total amount of $96 million to Teekay Offshore, which includes $55 million that is payable unconditionally within 30 days. If in the ordinary course of business and prior to the end of 2021, new charter contracts are entered into with Petrobras in respect of specific Teekay Offshore assets (being Arendal Spirit UMS, Petrojarl Cidade de Rio das Ostras FPSO and Piranema Spirit FPSO), the deferred $41 million (payable in two instalments in 2020 and 2021, respectively) will be reduced by 40 percent of any revenue actually received in this same period from such new contracts (Offset Amounts). There are no contracts in place currently that would result in any Offset Amounts being generated and neither Petrobras nor Teekay Offshore have any obligation to enter into such contracts and furthermore, there is no obligation to hold any of the designated assets as available for charter by Petrobras.
Investors in Teekay Offshore Partners (TOO) need to pay close attention to the stock based on moves in the options market lately.
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Teekay Offshore Partners L.P. (NYSE: TOO ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 12:00 PM Eastern ...