Stock On the Run: Teekay Offshore Partners LP (TOO)

Teekay Offshore Partners L.P., launched on August 30, 2006, is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The company's market cap is $293.45 million. Its book value per share for the most recent quarter is $7.18 while its price to book ratio for the same period is 0.32, as for as the company's cash per share for the most recent quarter is $2.03, however its price to cash per share ratio for the same period is 1.13. The Weekly and Monthly Volatility stands at 10.76% and 8.23%.

The company has mean EPS estimate of 0.17 reported by 1 number of analyst for the quarter ending Current Qtr.(Jun2017). The Beta for the company stands at 2.67 and its Average True Range (ATR) shows a value of 0.3. (TOO) reported earning per shares for the quarter ending May 18 BMO, whereas, 1 number of analysts estimated the mean EPS at 0.13. For the current year the company's revenue estimates are $1.1 Billion compared to low analyst estimates of $1.05 Billion and high estimates of $1.17 Billion according to 4 number of analysts. In contrast to the year ago quarter EPS was at 0.35. Wall Street analysts covering the stock are projecting that the stock will reach $6.5 within the next 52-weeks.

In case of Revenue Estimates, 2 analysts have provided their consensus Average Revenue Estimates for Teekay Offshore Partners LP as 259.06 Million. The analysts estimated sales for the higher end at 143.88 million and lower end at 133.4 million while the year ago reported sale was 72.5 million. The high and low revenue estimates for the current quarter are $265.59 Million and $252.53 Million, respectively. They now have a United States dollars 3 price target on the stock.

On April 19, 2016 Morgan Stanley started coverage giving it an initial rating of "Equal-weight" and a price target of $6.00. The company now has an average rating of "Hold" and an average target price of $4.13. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend.

The SMA20 for the stock is at -31.62 percent, SMA50 stands at -48.36 percent, while SMA200 is -56.58 Percent. The bigger the return, the more efficient management is in utilizing its asset base. The average revenue per share growth rate of Teekay Offshore Partners LP during the past 12 months was -37.1 percent.

Return on Investment measures the amount of return on an investment relative to the investment's cost.

08/18/2016 - Teekay Offshore Partners L.P. was upgraded to "outperform" by analysts at RBC Capital. FMR LLC now owns 13,278,697 shares of the shipping company's stock valued at $67,190,000 after buying an additional 1,808,014 shares in the last quarter. Zacks Investment Research lowered Teekay Offshore Partners L.P. from a "hold" rating to a "strong sell" rating in a report on Thursday, March 2nd. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. The value of the total investment in Teekay Offshore Partners L.P. C went from $805,000 to $6,345,000 a change of $5,540,000 quarter to quarter. Year to Date performance value (YTD perf) value is -63.24%.

Currently Teekay Offshore Partners LP (NYSE:TOO)'s shares owned by insiders are 42.6%, whereas shares owned by institutional owners are 54.2%.

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