Teekay Offshore Partners L.P. (NYSE:TOO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 6 Brokerage Firm. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Morgan Stanley initiates coverage on Teekay Offshore Partners L.P. (NYSE:TOO) . The global brokerage major announces a current price target of $6 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The rating by the firm was issued on April 19, 2016.
Teekay Offshore Partners L.P. (NYSE:TOO): 3 analysts have set the short term price target of Teekay Offshore Partners L.P. (NYSE:TOO) at $5.83. The standard deviation of short term price target has been estimated at $2.02, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 8 and $4 respectively.
Teekay Offshore Partners L.P. (NYSE:TOO) rose 2.71% or 0.15 points on Tuesday and made its way into the gainers of the day. After trading began at $5.51 the stock was seen hitting $5.91 as a peak level and $5.34 as the lowest level. The stock ended up at $5.69. The daily volume was measured at 1,273,456 shares. The 52-week high of the share price is $21.4399 and the 52-week low is $2.3. The company has a market cap of $609 million.
Shares of Teekay Offshore Partners LP appreciated by 30.21% during the last five trading days but lost 8.81% on a 4-week basis. Teekay Offshore Partners LP has dropped 0.28% during the last 3-month period . Year-to-Date the stock performance stands at -8.27%.
Teekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, towage and floating accommodation services to the offshore oil industry focusing on the fast-growing, deep-water offshore oil regions of the North Sea and Brazil. The Company operates shuttle tankers, floating production, storage and off-loading (FPSO) units, floating storage and off-take (FSO) units, and conventional crude oil tankers. As of December 31, 2014, the Companys fleet consisted of 34 shuttle tankers, including two chartered-in vessels and one HiLoad Dynamic Positioning (DP) unit; seven FPSO units, including the Libra FPSO and the Petrojarl I FPSO conversion and upgrade projects; six FSO units, and four conventional oil tankers, in which its interests range from 50% to 100%. Its operational segments include the shuttle tanker segment, the FPSO segment, the FSO segment, the conventional tanker segment, towage segment and floating accommodation units (FAUs) segment.