Shares of Teekay Offshore Partners L.P. (NYSE:TOO) saw unusually-strong trading volume on Tuesday . Approximately 5,461,309 shares traded hands during mid-day trading, an increase of 743% from the previous session’s volume of 647,877 shares.The stock last traded at $1.55 and had previously closed at $1.53.
Separately, ValuEngine lowered Teekay Offshore Partners from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $1.13.
The company has a market capitalization of $631.89 million, a PE ratio of 5.31 and a beta of 2.43. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50-day moving average of $1.53 and a two-hundred day moving average of $1.27.
About Teekay Offshore Partners (NYSE:TOO)
Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. It operates in six segments: Floating Production, Storage and Offloading (FPSO); Shuttle Tanker; Floating Storage and Off-Take (FSO); Unit for Maintenance and Safety (UMS); Towage and Offshore Installation Vessels; and Conventional Tanker.
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