TOO - Teekay Offshore Partners L.P.

NYSE - NYSE Delayed Price. Currency in USD
1.1600
-0.0500 (-4.13%)
At close: 4:02PM EDT
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Previous Close1.2100
Open1.2100
Bid1.0600 x 800
Ask1.5000 x 1000
Day's Range1.1300 - 1.2100
52 Week Range1.0700 - 2.8600
Volume447,016
Avg. Volume408,833
Market Cap488.825M
Beta (3Y Monthly)1.01
PE Ratio (TTM)N/A
EPS (TTM)-0.4250
Earnings DateJul 31, 2019 - Aug 5, 2019
Forward Dividend & Yield0.04 (2.72%)
Ex-Dividend Date2018-11-01
1y Target Est1.30
Trade prices are not sourced from all markets
  • Here’s What Hedge Funds Think About Teekay Offshore Partners L.P. (TOO)
    Insider Monkey10 days ago

    Here’s What Hedge Funds Think About Teekay Offshore Partners L.P. (TOO)

    A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being […]

  • Thomson Reuters StreetEvents14 days ago

    Edited Transcript of TOO earnings conference call or presentation 30-Apr-19 4:00pm GMT

    Q1 2019 Teekay Offshore Partners LP Earnings Call

  • Moody's16 days ago

    Teekay Offshore Partners L.P. -- Moody's says Teekay's ratings unaffected following announced plan to sell remaining TOO equity ownership

    Moody's Investors Service ("Moody's") said that Teekay Corporation's (Teekay or Parent, B3 stable) plan to sell its remaining minority interests in Teekay Offshore Partners L.P. (TOO, B3 stable), one of its two master limited partnership (MLP) subsidiaries, for $100 million to Brookfield Business Partners LP is credit positive. Despite this credit profile enhancement, Teekay's ratings remain unchanged at this time, including the B2 rating on the new secured bond and B3 Corporate Family Rating.

  • GlobeNewswire17 days ago

    Teekay Corporation Announces Pricing of $250 Million Private Offering of Senior Secured Notes

    Teekay Corporation (Teekay or the Company) (TK) announced today the pricing at par of $250 million in aggregate principal amount of 9.25% senior secured notes due November 2022 (the Notes).  The Company decided to reduce the offering amount from $300 million as a result of its previously announced agreement to sell the Company’s remaining interests in Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE: TOO) to Brookfield Business Partners L.P. (BBU)(BBU-UN.TO), together with its institutional partners (collectively Brookfield), for $100 million in cash. The Notes are being offered to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the Securities Act).

  • GlobeNewswire18 days ago

    Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

    HAMILTON, Bermuda, May 01, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has secured a new $100 million.

  • GlobeNewswire20 days ago

    Teekay Offshore Partners Reports First Quarter 2019 Results

    Revenues of $336.6 million and net loss of $2.6 million, or ($0.03) per common unitAdjusted net income attributable to the partners and preferred unitholders(1) of $29.5.

  • GlobeNewswire20 days ago

    Teekay Corporation Agrees to Sell Remaining Interests in Teekay Offshore to Brookfield for $100 Million

    Teekay Corporation (Teekay or the Company) (TK) announced today an agreement to sell to Brookfield Business Partners L.P. (BBU)(BBU-UN.TO), together with its institutional partners (collectively Brookfield), all of the Company’s remaining interests in Teekay Offshore Partners L.P. (Teekay Offshore) (TOO), which includes the Company’s 49% general partner interest, common units, warrants, and an outstanding $25 million loan from the Company to Teekay Offshore, for total proceeds of $100 million in cash.

  • GlobeNewswire24 days ago

    Teekay Group Announces First Quarter 2019 Earnings Results Conference Calls

    HAMILTON, Bermuda, April 25, 2019 -- Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) plans to release its financial results for the first quarter of 2019 before.

  • Moody's25 days ago

    Teekay Corporation -- Moody's assigns B2 rating to Teekay's new senior secured notes, affirms B3 CFR; outlook stable

    Moody's Investors Service, ("Moody's") assigned a B2 rating to Teekay Corporation's ("Teekay" or "Parent") proposed senior secured notes due in 2024. Concurrently, Moody's affirmed Teekay's B3 Corporate Family Rating ("CFR") and SGL-3 Speculative Grade Liquidity rating, denoting adequate liquidity.

  • GlobeNewswire26 days ago

    Teekay Corporation Announces Tender Offer for Its 8.5% Senior Unsecured Notes Due 2020

    Teekay Corporation (Teekay or the Company) (TK) announced today that it has commenced a cash tender offer (the Offer) to purchase any and all of its outstanding 8.5% Senior Unsecured Notes due 2020 (the Notes), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of April 24, 2019 (the Offer to Purchase) and the related letter of transmittal and consent. Concurrently with the Offer, the Company is soliciting (the Solicitation) from the holders of the Notes a consent (the Consent) to certain proposed amendments (the Proposed Amendments) to the indenture governing the Notes described below.

  • GlobeNewswire26 days ago

    Teekay Corporation Announces Proposed $300 Million Private Offering of Senior Secured Notes; and Eliminates Dividend

    Teekay Corporation (Teekay or the Company) (TK) announced today that, subject to market conditions, it intends to offer $300 million in aggregate principal amount of senior secured notes due 2024 (the Notes) in a private placement to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the Securities Act). It is expected that the Notes will be guaranteed on a senior secured basis by certain of Teekay’s subsidiaries and initially be secured by first-priority liens on two of Teekay’s floating production, storage and offloading (FPSO) units, a pledge of the equity interests of the Teekay subsidiary that owns all of Teekay’s common units of Teekay LNG Partners L.P. and Teekay Offshore Partners L.P. and all of Teekay’s Class A common shares of Teekay Tankers Ltd., and a pledge of the equity interests in the Teekay subsidiaries that own two of its FPSO units.

  • GlobeNewswire26 days ago

    Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units

    HAMILTON, Bermuda, April 24, 2019 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared.

  • GlobeNewswirelast month

    Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO) announced today that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker newbuildings.  Upon delivery in 2019 and 2020, two of the vessels will commence operations under the Partnership’s Master Agreement with Equinor, while the remaining two vessels will join the Partnership’s contract of affreightment (CoA) shuttle tanker portfolio in the North Sea. “We are grateful for the continued strong support we receive from our growing bank group, as represented by our new $414 million debt facility,” commented Ingvild Sæther, President and CEO of Teekay Offshore Group Ltd.

  • GlobeNewswire2 months ago

    Teekay Corporation Announces Availability of Its Annual Report on Form 20-F

    HAMILTON, Bermuda, April 01, 2019 -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced today that its Annual Report on Form 20-F for the fiscal year ended December.

  • GlobeNewswire2 months ago

    Teekay Offshore Partners Announces Changes to Board of Directors

    HAMILTON, Bermuda, March 12, 2019 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), today.

  • Teekay Corp (TK) Q4 2018 Earnings Conference Call Transcript
    Motley Fool3 months ago

    Teekay Corp (TK) Q4 2018 Earnings Conference Call Transcript

    TK earnings call for the period ending December 31, 2018.

  • GlobeNewswire3 months ago

    Teekay Corporation Reports Fourth Quarter and Annual 2018 Results

    Highlights GAAP net loss attributable to shareholders of Teekay of $18.4 million, or $0.18 per share, and adjusted net loss attributable to shareholders of Teekay(1) of $2.0.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of TOO earnings conference call or presentation 8-Feb-19 5:00pm GMT

    Q4 2018 Teekay Offshore Partners LP Earnings Call

  • Why Teekay Offshore Partners Is Rallying Today
    Motley Fool3 months ago

    Why Teekay Offshore Partners Is Rallying Today

    The offshore service company gave its investors some good news.

  • ACCESSWIRE3 months ago

    Mohawk Industries, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 8, 2019 / Teekay Offshore Partners L.P. (NYSE: TOO ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 8, 2019 ...

  • GlobeNewswire3 months ago

    Teekay Offshore Partners Reports Fourth Quarter and Annual 2018 Results

    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).

  • GlobeNewswire3 months ago

    Teekay Group Announces Fourth Quarter 2018 Earnings Results Conference Calls

    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.

  • Implied Volatility Surging for Teekay Offshore Partners (TOO) Stock Options
    Zacks4 months ago

    Implied Volatility Surging for Teekay Offshore Partners (TOO) Stock Options

    Investors need to pay close attention to Teekay Offshore Partners (TOO) stock based on the movements in the options market lately.

  • GlobeNewswire4 months ago

    Teekay Offshore Partners Announces Common Unit Distribution Change

    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.