Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Teekay from a "buy" rating to a "hold" rating in a report on Friday, May 20th.
Teekay Stock Performance
Shares of Teekay stock opened at $3.37 on Friday. Teekay has a twelve month low of $2.54 and a twelve month high of $4.01. The company's fifty day moving average is $3.04 and its 200 day moving average is $3.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.56 and a quick ratio of 2.23.
Teekay (NYSE:TK - Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The shipping company reported ($0.01) earnings per share for the quarter. Teekay had a negative net margin of 1.40% and a positive return on equity of 0.82%. The company had revenue of $111.10 million during the quarter.