Teekay Offshore Partners L.P. (NYSE:TOO)’s share price traded down 3.4% during trading on Thursday . The company traded as low as $5.25 and last traded at $5.33, with a volume of 234,564 shares. The stock had previously closed at $5.52.

A number of equities analysts have commented 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 lowered Teekay Offshore Partners L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, May 19th. Wells Fargo & Co. reiterated a “neutral” rating on shares of Teekay Offshore Partners L.P. in a research note on Thursday, July 7th. TheStreet lowered Teekay Offshore Partners L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Finally, RBC Capital Markets upgraded Teekay Offshore Partners L.P. from a “sector perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.32.

The stock’s market cap is $747.61 million. The firm has a 50 day moving average price of $5.46 and a 200 day moving average price of $5.39.

Teekay Offshore Partners L.P. (NYSE:TOO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by $0.02. The company earned $284.50 million during the quarter, compared to analyst estimates of $269.61 million. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Equities research analysts forecast that Teekay Offshore Partners L.P. will post $1.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.44 annualized dividend and a yield of 8.09%.

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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