Technical Signal Analysis for Teekay Offshore Partners LP (NYSE:TOO)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Teekay Offshore Partners LP (NYSE:TOO) for the period of 9-Day stands at 89.79% while the stochastic %D for the same period stands at 89.27%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Teekay Offshore Partners LP (NYSE:TOO) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Teekay Offshore Partners LP (NYSE:TOO) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Teekay Offshore Partners LP (NYSE:TOO)’s 20-Day Bollinger Band indicates “Hold”.

About Company

TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay  and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore currently owns a twenty six percent interest in and controls OPCO with a fleet of thirty four shuttle tankers (nine of which are chartered-in), four floating storage and offtake units and nine conventional crude oil Aframax tankers. The Partnership also has direct ownership interests in two shuttle tankers and one FSO.

Previous Day Activity Analysis

On the last trading day, Teekay Offshore Partners LP (NYSE:TOO) opened the session at $2.6 and after going up 3.11% closed at $2.65. The stock gained 0.05 points in the last trade.

Teekay Offshore Partners LP (NYSE:TOO)’s stock fluctuated in the range of $2.57 and $2.68 during the previous active session. Teekay Offshore Partners LP (NYSE:TOO) traded with the volume of 1.38 Million with average volume of 1.08 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 2.74 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.1 and 62.21 respectively.

Currently the Insider Ownership of the shares of Teekay Offshore Partners LP (NYSE:TOO) is at 42.6% and the shares outstanding are 149.21 Million.

Important Ratio Analysis

Some important ratios to consider here for Teekay Offshore Partners LP (NYSE:TOO) are discussed below:

Dividend yield of Teekay Offshore Partners LP (NYSE:TOO) stands at 1.51% whereas Price to Earnings P/E ratio stands at 4.49 while Forward P/E shows the value of 6.26.

The PEG ratio (Price to Earning to Growth) emits the value of 0.75. The Price to Sale P/S and Price to Book P/B shows the value of 0.36 and 0.39 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1.86 and 0 correspondingly.

The Quick Ratio of Teekay Offshore Partners LP (NYSE:TOO) stands at 0.4 while the Current Ratio depicts the value of 0.4.

Return on Assets ROA of Teekay Offshore Partners LP (NYSE:TOO) is at 1.5% whereas, Return on Equity ROE and Return of Investment ROI of Teekay Offshore Partners LP (NYSE:TOO) stand at 8.1% and 5.2% respectively.

The payout ratio of Teekay Offshore Partners LP (NYSE:TOO) stands at 73.6%.

Stock Performance Analysis

The stock performance of Teekay Offshore Partners LP (NYSE:TOO) on the basis of 5 day trade show the jump of 6% whereas, the monthly performance of the stock shows increase of 2.71%.

The quarterly performance of the stock remained in green zone with the value of 3.11% while six month performance of the shares of Teekay Offshore Partners LP (NYSE:TOO) remained bearish with the count of -52.08%.

The yearly and YTD performance of Teekay Offshore Partners LP (NYSE:TOO) remained down at -56.49% and -47.63% respectively.