Teekay Offshore Partners L.P. (NYSE:TOO)’s share price traded down 2.5% on Friday . The company traded as low as $5.07 and last traded at $5.08, with a volume of 428,435 shares. The stock had previously closed at $5.21.

A number of equities analysts have recently weighed in on the company. Morgan Stanley restated a “hold” rating on shares of Teekay Offshore Partners L.P. in a research note on Tuesday, May 31st. Zacks Investment Research upgraded Teekay Offshore Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. TheStreet downgraded Teekay Offshore Partners L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Finally, Wells Fargo & Co. reiterated a “neutral” rating on shares of Teekay Offshore Partners L.P. in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Teekay Offshore Partners L.P. presently has an average rating of “Hold” and a consensus price target of $7.65.

The company’s market cap is $699.52 million. The stock has a 50 day moving average of $5.53 and a 200-day moving average of $5.22.

Teekay Offshore Partners L.P. (NYSE:TOO) last announced its earnings results on Thursday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $284.50 million for the quarter, compared to analyst estimates of $269.61 million. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts forecast that Teekay Offshore Partners L.P. will post $1.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend was Wednesday, July 27th.

Teekay Offshore Partners L.P. 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 in North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers.

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