Teekay (TK) Stock Forecast, Price & News

Teekay's stock was trading at $4.54 on January 1st, 2023. Since then, TK shares have increased by 32.6% and is now trading at $6.02.
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Teekay saw a drop in short interest in May. As of May 15th, there was short interest totaling 1,800,000 shares, a drop of 15.1% from the April 30th total of 2,120,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.7% of the shares of the stock are sold short.
View Teekay's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our TK earnings forecast.

Teekay Co. (NYSE:TK) announced its quarterly earnings data on Thursday, February, 25th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.06. The shipping company earned $297.86 million during the quarter. Teekay had a trailing twelve-month return on equity of 8.83% and a net margin of 9.04%.

ETFs with the largest weight of Teekay (NYSE:TK) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).SonicShares Global Shipping ETF (BOAT).

30 employees have rated Teekay Chief Executive Officer Peter Evensen on Glassdoor.com. Peter Evensen has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay investors own include Teekay LNG Partners (TGP), Golar LNG (glng), Teekay Tankers (TNK), Frontline (FRO), NIO (NIO), Teekay Offshore Partners (TOO), Tsakos Energy Navigation (TNP), Nordic American Tankers (NAT), Scorpio Tankers (STNG) and Alibaba Group (BABA).

Teekay trades on the New York Stock Exchange (NYSE) under the ticker symbol "TK."

Teekay's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.09%), Dimensional Fund Advisors LP (3.42%), Renaissance Technologies LLC (2.59%), Arrowstreet Capital Limited Partnership (1.91%), Two Sigma Advisers LP (1.85%) and Two Sigma Investments LP (1.69%).
View institutional ownership trends.

Shares of TK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TK stock can currently be purchased for approximately $6.02.

Teekay (NYSE:TK) has a market capitalization of $591.89 million and generates $1.19 billion in revenue each year. The shipping company earns $78.41 million in net income (profit) each year or $1.23 on an earnings per share basis.

The company employs 2,500 workers across the globe.

Teekay's mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM 08. The official website for the company is www.teekay.com. The shipping company can be reached via phone at (441) 298-2530, via email at investor.relations@teekay.com, or via fax at 604-844-6600.