Teekay Offshore Partners L.P. (NYSE:TOO) Updates On Dividend Release Date


On 2016-07-08, Teekay Offshore Partners L.P. (NYSE:TOO) confirmed the dividend disbursement of $0.11 a share to shareholders as on record 2016-07-29. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-07-27.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Teekay Offshore Partners L.P. (NYSE:TOO) paid a total of $0.11 per share in dividends. This figure stood at $0.11 a share in the same period a year ago indicating a deviation of 47.0422%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $6.5 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $8 and $4, respectively.

Taking the mathematical rating formula, the price for Teekay Offshore Partners L.P. (NYSE:TOO) stands at 2.57. Earnings Review Teekay Offshore Partners L.P. (NYSE:TOO) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.23.

Coming to the quarter ending on 2015-12-31, Teekay Offshore Partners L.P. (NYSE:TOO) recorded EPS of $0.22. The reported numbers came lower than the analysts’ estimates of $0.29, demonstrating a miss of $-0.07 as against reported figures.

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