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Teekay Offshore Partners L.P. (NYSE:TOO) target price raised to $8.00, reported today by Royal Bank Of Canada

Royal Bank Of Canada raised the estimated target of Teekay Offshore Partners L.P. (NYSE:TOO) to $8, indicating a possible upside of 0.46%.

Previously on 8/18/2016, RBC Capital Markets reported on Teekay Offshore Partners L.P.(NYSE:TOO) upped the target price from $5.00 to $8.00 that suggested an upside of 0.53%.

Only yesterday Teekay Offshore Partners L.P. (NYSE:TOO) traded 1.62% lower at $5.47. Teekay Offshore Partners L.P.’s 50-day moving average is $5.49 and its 200-day moving average is $5.58. With the last close down 1.87% relative to the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Trade volume was was up over the average, with 3,393,067 shares of TOO changing hands over the typical 931,372 shares..

Recent Performance Chart:

Teekay Offshore Partners L.P. (NYSE:TOO)

Teekay Offshore Partners L.P. has a one-year low of $2.30 and a 52 week high of $17.30 . The company’s market cap is presently $0.0.

Also covering Teekay Offshore Partners L.P.’s stock price target, a total of 7 firms have issued a report on Teekay Offshore Partners L.P.. The 12-month target is $8.39 with 0 rating the company a strong buy, two analysts rating the stock a buy, five analyts rating the stock a hold, one brokerage rating the stock to underperform, and finally 0 analystsrating the company as sell.

General Information About Teekay Offshore Partners L.P. (NYSE:TOO)

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. Its segments include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment. Its fleet consists of over 30 shuttle tankers, such as over three chartered-in vessels and a HiLoad Dynamic Positioning unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, and a UMS and over two conventional oil tankers.

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