Teekay Offshore Partners L.P. (TOO) changed -9.42% to recent value of $1.25. The stock transacted 256829 shares during most recent day however it has an average volume of 518.1K shares. It spotted trading -52.83% off 52-week high price. On the other end, the stock has been noted 21.36% away from the low price over the last 52-weeks.

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced the following change to the Board of Directors of Teekay Offshore GP LLC (TOO GP), the general partner of the Partnership:

  • Brookfield Business Partners L.P. (Brookfield Business Partners) (NYSE:BBU) (TSX:BBU.UN), together with its institutional partners (collectively Brookfield), appointed Gregory Morrison as a member of the TOO GP Board of Directors, replacing Walter Weathers, who was appointed by Brookfield in September 2017.

“On behalf of our board and leadership team, I want to welcome Greg to the board. We look forward to leveraging his expertise and experience as we continue to develop the Partnership strategies. At the same time, we thank Walter for his contributions to the board over the last two years,” commented Bill Utt, TOO GP’s Chairman.

Gregory Morrison has more than 35 years of experience in the insurance and reinsurance industries. He served as CEO of Trisura Group Ltd. (TSX:TSU) and Platinum Underwriters Holdings Ltd., previously traded on the NYSE, both multi-line insurance and reinsurance companies.  Mr. Morrison also served as CEO of London Reinsurance Group Inc. and Imagine Group Holdings Ltd, reinsurers in the life and property casualty markets. Mr. Morrison currently sits on a number of boards including Trisura Group Ltd., Aetna Life & Casualty (Bermuda) Limited, Weston Insurance Holdings Corporation, Aspen Bermuda Limited, Multi-Strat Holdings and various international subsidiaries of Brookfield Asset Management. He is a Fellow of the Society of Actuaries (retired) and is an active member of various audit and risk committees.

 TOO has a gross margin of 56.20% and an operating margin of 8.30% while its profit margin remained -12.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 75.30% for this year while earning per share for the next 5-years is expected to reach at 6.00%.

 The company has 403.89M of outstanding shares and 403.89M shares were floated in the market. According to the most recent quarter its current ratio was 0.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.28% from the mean of 20 days, 3.43% from mean of 50 days SMA and performed -16.23% from mean of 200 days price. Company’s performance for the week was -0.79%, 11.61% for month and YTD performance remained 3.31%.

Leave a Reply

Your email address will not be published. Required fields are marked *