Teekay Offshore Partners (NYSE:TOO) is set to announce its earnings results before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Teekay Offshore Partners (NYSE:TOO) last posted its earnings results on Thursday, August 2nd. The shipping company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). Teekay Offshore Partners had a positive return on equity of 2.83% and a negative net margin of 36.83%. The firm had revenue of $283.87 million for the quarter, compared to analyst estimates of $293.19 million. On average, analysts expect Teekay Offshore Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of TOO traded up $0.04 during midday trading on Friday, reaching $2.12. 176,516 shares of the stock were exchanged, compared to its average volume of 185,765. Teekay Offshore Partners has a twelve month low of $2.02 and a twelve month high of $3.12. The company has a debt-to-equity ratio of 12.48, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $852.89 million, a P/E ratio of 212.00 and a beta of 2.60.
A number of brokerages recently commented on TOO. ValuEngine upgraded Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research upgraded Teekay Offshore Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th.
Teekay Offshore Partners Company Profile
Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. It operates in six segments: Floating Production, Storage and Offloading (FPSO); Shuttle Tanker; Floating Storage and Off-Take (FSO); Unit for Maintenance and Safety (UMS); Towage; and Conventional Tanker.
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