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

down 43.17 %

Teekay Offshore Partners L.p. (TOO) rated Accumulate with price target $23 by Global Hunter Securities

Posted on: Tuesday,  Aug 4, 2015  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Accumulate Teekay Offshore Partners L.p. (NYSE: TOO) on 08/04/2015. Previously Global Hunter Securities rated Buy Teekay Offshore Partners L.p. (NYSE:
TOO) on 04/17/2013., when the stock price was $29.95. Since then, Teekay Offshore Partners L.p. has lost 43.17% as of 12/17/2015's recent price of $17.02.
If you would have followed the previous Global Hunter Securities's recommendation on TOO, you would have lost 43.17% of your investment in 974 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2015 9:25 AM Buy
16.81 23.00
as of 8/27/2015
1 Week up  4.35 %
1 Month down  -20.35 %
3 Months down  -23.43 %
1 YTD down  -48.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 10:25 AM Buy
29.95 35.00

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