|Bid||1.3500 x 900|
|Ask||1.4000 x 1000|
|Day's Range||1.3900 - 1.3900|
|52 Week Range||1.0700 - 3.1200|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (3.28%)|
|1y Target Est||N/A|
Investors need to pay close attention to Teekay Offshore Partners (TOO) stock based on the movements in the options market lately.
“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 […]
Moody's Investors Service (Moody's) assigned Teekay Offshore Partners L.P. (Teekay Offshore) a B3 Corporate Family Rating, SGL-3 Speculative Grade Liquidity Rating and a Caa2 senior unsecured rating to the proposed $500 million notes issue. This is the first time Moody's has rated Teekay Offshore. Proceeds from the proposed notes offering will be used to repurchase Teekay Offshore's outstanding $300 million notes due 2019 and the 2019 Norwegian Kroner Bonds ($128 million outstanding at March 31, 2018).
Teekay Offshore Partners (TOO), an MLP mainly involved in the marine transportation of crude oil, NGLs, and refined products, was the top MLP loss in the week ending May 18. Teekay Offshore Partners fell 4.2%. Last week, the decline could be due to Teekay Offshore Partners’ weak first-quarter earnings. The partnership reported income from vessel operations of $19.5 million in the first quarter—compared to $60.5 million in the same quarter last year. The YoY decline in the income from vessel operations was mainly due to higher voyage and vessel operating expenses.
Navios Maritime Midstream Partners (NAP) is an MLP involved in the marine transportation of crude oil, refined products, and NGLs. Navios Maritime Midstream Partners was the top MLP gainer for the second consecutive in the week ending April 27. The partnership rallied 6.4% last week. The recent surge in Navios Maritime Midstream Partners’ stock price could be due to a rating upgrade by J.P. Morgan. However, the partnership has lost 52.5% since the beginning of 2018. The fall could be due to Navios Maritime Midstream Partners’ weak operating performance in the previous quarter. ...