Teekay (NYSE:TK - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Teekay Stock Performance
Shares of NYSE TK opened at $14.08 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 12.46 and a beta of 0.23. Teekay has a 52-week low of $7.11 and a 52-week high of $14.38. The company's 50 day moving average price is $12.46 and its 200-day moving average price is $10.75.
Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings data on Friday, March 13th. The shipping company reported $0.37 earnings per share for the quarter. The company had revenue of $243.09 million during the quarter. Teekay had a net margin of 10.33% and a return on equity of 4.76%.
Institutional Trading of Teekay
Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Teekay by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,405,895 shares of the shipping company's stock valued at $66,004,000 after acquiring an additional 79,826 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Teekay by 58.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,783,869 shares of the shipping company's stock valued at $33,796,000 after acquiring an additional 1,029,977 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Teekay in the 1st quarter valued at $875,000. ABC Arbitrage SA bought a new stake in shares of Teekay in the 1st quarter valued at $192,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Teekay by 11.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 60,960 shares of the shipping company's stock valued at $744,000 after acquiring an additional 6,162 shares in the last quarter. Institutional investors own 46.73% of the company's stock.
Teekay Company Profile
(
Get Free Report)
Teekay Corporation NYSE: TK is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.
Teekay's core business is organized into three operating segments.
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