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Shares of Teekay Offshore Part (NYSE:TOO) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Analyst Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.14.

Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Teekay Offshore Part in a research note on Tuesday, July 29th. They now have a $37.00 price target on the stock, up previously from $31.50.

Shares of Teekay Offshore Part (NYSE:TOO) opened at 33.93 on Wednesday. Teekay Offshore Part has a one year low of $29.24 and a one year high of $37.46. The stock’s 50-day moving average is $35.41 and its 200-day moving average is $33.87. The company has a market cap of $2.900 billion and a P/E ratio of 51.16.

Teekay Offshore Part (NYSE:TOO) last announced its earnings results on Thursday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.04. During the same quarter in the previous year, the company posted $0.24 earnings per share. Analysts expect that Teekay Offshore Part will post $1.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Stockholders of record on Friday, July 25th will be given a dividend of $0.5384 per share. This represents a $2.15 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend is Wednesday, July 23rd.

Teekay Offshore Partners L.P. (NYSE:TOO) is an international provider of marine transportation and storage services to the offshore oil industry.

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