The last few days have been good for Teekay Offshore Partners L.P. (NYSE:TOO), as its price has grew by 6.4% during the week. It has also performed poorly over the past three months, as it lost around -31.44% while it has so far retreated around -42.92% during the course of a year. The price of the stock went up by $0.18 now trading at $1.33. Their shares witnessed a 20.91% increase from the 52-week low price of $1.1 they recorded on 2019-02-07. Even though it is still -134.59% behind the $3.12 high touched on 2018-05-17. The stock of TOO recorded 9.92% uptrend from the beginning of this year till date. The 12-month potential price target for Teekay Offshore Partners L.P. is set at $1.3. This target means that the stock has an upside potential to increase by -2.26% from the current trading price.
When giving their opinion, around 0% of Wall Street analysts, which represents 0 out of 2 rated the stock as a Buy. 1 brokerage firms of the remaining 50% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate TOO shares held by institutional investors represents 75.9% of total shares. 13 institutions entered new Teekay Offshore Partners L.P. (NYSE:TOO) positions, 25 added to their existing positions in these shares, 36 lowered their positions, and 14 exited their positions entirely.
Teekay Offshore Partners L.P. (TOO) trade volume has increased by 637.62% as around 3,866,856 shares were sold when compared with its 50-day average volume of traded shares which is 524,232. At the moment, TOO is witnessing a uptrend, as it is trading 4.03% above its 20-day SMA, -4.59% below its 50-day SMA, and -38.69% below its 200-day SMA. The company runs an ROE of roughly -13.7%, with financial analysts predicting that their earnings per share growth will be around 6% per annum for the next five year. This will be compared to the -25.7% decrease witnessed over the past five years.
The first technical resistance point for Teekay Offshore Partners L.P. (NYSE:TOO) will likely come at $1.4, marking a 5% premium to the current level. The second resistance point is at $1.46, about 8.9% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $1.1, the lower end of the range. TOO’s 14-day MACD is -0.01 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 52.54, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 84.31 percent, which is high when compared to that of the 50-day’s 80.25 percent.
The shares of Plains All American Pipeline, L.P. (NYSE:PAA) has increased by 0.04%, and now trading at $22.92 on the Wall Street in the intra-day deal, with their shares traded now around 3,128,542. This is a decline of -248,426 shares over the average 3,376,968 shares that were traded daily over the last three months. The stock that is trading at $22.92 went higher by 18.57% from its 52-week low of $19.33 that it attained back on 2018-12-27. The stock recorded a 52-week high of $27.7 nearly 185 days ago on 2018-08-10.
PAA stock hasn’t performed well over the past 30 days, as it lost -4.74% while its price climbed by 14.37% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -0.74% over the last week. The stock’s 12-month potential target price is now at $27.91. This means that the stock price might likely increase by 21.77% from its current trading price.17 out of 22 Wall Street analysts which represents 77.27% rated the stock as a buy while the remaining 22.73 rated it as a hold, with 0 of analysts rating it as a sell.
Plains All American Pipeline, L.P. (NYSE:PAA) has been utilizing an ROE that is roughly 4.8%, with stock analysts predicting that the company’s EPS for the next five years will go up by 28.93% per year, following the -2.6% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -1.53% below its 20-day SMA, 1.86% above its 50-day SMA, and -4.18% below its 200-day SMA. In percentage terms, the aggregate Plains All American Pipeline, L.P. shares held by institutional investors is 49.6%. 41 institutions jumped in to acquire Plains All American Pipeline, L.P. (PAA) fresh stake, 150 added to their current holdings in these shares, 166 lowered their positions, and 46 left no stake in the company.
The stock’s 9-day MACD is 0.01 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 47.87, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 22.56 percent, which is less when compared to that of the 50-day’s 37.19 percent. On the daily chart, we see that the stock could reach the first level of resistance at $23.06, sporting a 0.61% premium to the current level. The next resistance point is at $23.2, representing nearly 1.21% premium to the current market price of Plains All American Pipeline, L.P. (PAA). On the other hand, failure to breach the immediate hurdles can drag it down to $22.48, the lower end of the range.