Teekay Offshore Partners LP (NYSE:TOO) shares traded 5.81% up during most recent session to reach at the closing price of $2.55. The stock exchanged hands 1.73 Million shares versus average trading capacity of 1.59 Million shares, yielding a market cap of $355.5 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4.5 within the next 52-weeks. The mean target projections are based on 5 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Teekay Offshore Partners LP (NYSE:TOO) high price target of $8 and with a conservative view have low price target of $1.5.

Raymond James “Downgrades” Teekay Offshore Partners LP (NYSE:TOO) in a research note issued to investors on 7/28/17 to Market Perform with price target of $0.

Additionally on 6/09/17 Morgan Stanley “Downgrades” Teekay Offshore Partners LP (NYSE:TOO) to Underweight setting price target at $0 and on 8/18/16 RBC Capital “Upgrades” the stock to Outperform. Furthermore on 6/20/16 UBS “Maintained” the stock to Buy at $7.

On the other hand the company has Relative Strength Index (RSI 14) of 46.89 along with Average True Range (ATR 14) of 0.22, Consequently Teekay Offshore Partners LP (NYSE:TOO)’s weekly and monthly volatility is 7.49%, 7.84% respectively. The company’s beta value is at 2.66.

In terms of Buy, Sell or Hold recommendations, Teekay Offshore Partners LP (NYSE:TOO) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Teekay Offshore Partners LP (NYSE:TOO)’s minimum EPS for the current quarter is at $0.04 and can go high up to $0.07. The consensus mean EPS for the current quarter is at $0.06 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.

Previously Teekay Offshore Partners LP (NYSE:TOO) reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The company posted an earnings surprise of 250%.

Teekay Offshore Partners LP (NYSE:TOO)’s revenue estimates for the current quarter are $259.73 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $270.49 Million in contradiction of low revenue estimates of $248.97 Million. For the current year the company’s revenue estimates are $1.08 Billion compared to low analyst estimates of $1.03 Billion and high estimates of $1.17 Billion according to 4 number of analysts.

Currently Teekay Offshore Partners LP (NYSE:TOO)’s shares owned by insiders are 42.6%, whereas shares owned by institutional owners are 53.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.56%.

Teekay Offshore Partners LP (NYSE:TOO) 52-week high price stands at $6.69 and low price stands at $1.65, its price distance from 52-week high is -61.88% while its distance from 52-week low price is 54.55%. The stock hit its 52-week high on 10/10/16, and 52-week low on 06/21/17.

Teekay Offshore Partners LP (NYSE:TOO)’s trailing twelve month revenues are $1.12 Billion, whereas its price to sales ratio for the same period is 0.32. Its book value per share for the most recent quarter is $5.35 while its price to book ratio for the same period is 0.48, as for as the company’s cash per share for the most recent quarter is $2.26, however its price to cash per share ratio for the same period is 1.13. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.