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Enter Symbol:
Teekay Offshore Partners L.p. (TOO) [hlAlert]

down 40.30 %

Teekay Offshore Partners L.p. (TOO) rated Outperform by Raymond James

Posted on: Wednesday,  Jan 30, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Teekay Offshore Partners L.p. (NYSE: TOO) on 01/30/2013, when the stock price was $28.51.
Since then, Teekay Offshore Partners L.p. has lost 40.30% as of 12/17/2015's recent price of $17.02.
If you would have followed this Raymond James's recommendation on TOO, you would have lost 40.3% of your investment in 1051 days.

Teekay Offshore Partners L.P. is an international provider of marine transportation and storage services to the offshore oil industry. The Company was formed as a Marshall Islands limited partnership by Teekay Corporation, a provider of marine services to the global oil and natural gas industries, to further develop its operations in the offshore market. As of June 1, 2009, Teekay Corporation, which owns and controls its general partner, owned a 47.99% limited partner interest in the Company. As of June 1, 2009, the Company?s fleet consisted of Shuttle Tankers, Conventional Tankers and floating storage and offtake (FSO) Units. The Company owns a 50.99% interest in Teekay Offshore Operating L.P. (OPCO) and controls its general partner; Teekay Corporation owns a 49% interest in OPCO. OPCO owns and operates a fleet of shuttle tankers, in addition to FSO units and double-hull conventional oil tankers.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/30/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -6.14 %
1 Month down  -10.03 %
3 Months down  -6.90 %
1 YTD up  5.05 %

(*) Stock Price at the time of the recommendation.
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