Headlines about Teekay Corporation (NYSE:TK) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 45.7603163423662 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms have recently commented on TK. ValuEngine upgraded Teekay Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Royal Bank Of Canada restated a “hold” rating on shares of Teekay Corporation in a report on Friday, June 16th. BidaskClub upgraded shares of Teekay Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Teekay Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $7.00 price objective on shares of Teekay Corporation in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Teekay Corporation currently has an average rating of “Hold” and a consensus price target of $5.33.
Teekay Corporation (NYSE:TK) traded up 1.83% during midday trading on Friday, hitting $8.92. The stock had a trading volume of 994,192 shares. Teekay Corporation has a 12-month low of $5.14 and a 12-month high of $11.77. The company’s market cap is $769.43 million. The company has a 50-day moving average price of $8.45 and a 200-day moving average price of $8.38.
Teekay Corporation (NYSE:TK) last released its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.07. The company had revenue of $513.90 million for the quarter, compared to the consensus estimate of $503.65 million. Teekay Corporation had a negative return on equity of 2.80% and a negative net margin of 5.66%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. Equities analysts anticipate that Teekay Corporation will post ($1.11) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Friday, August 4th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.22 annualized dividend and a dividend yield of 2.47%. Teekay Corporation’s dividend payout ratio (DPR) is presently -15.38%.
About Teekay Corporation
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.
Receive News & Ratings for Teekay Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teekay Corporation and related companies with our FREE daily email newsletter.