Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers, floating storage and offloading (FSO) units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects. The company also operates floating production, storage, and offloading (FPSO) units, as well as other vessels used to service its FPSO contracts; liquefied natural gas (LNG) and liquefied petroleum gas carriers; and conventional crude oil and product tankers. As of December 31, 2017, its fleet consisted of 217 vessels. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TK
CUSIPY8564W10
Phone441-298-2530
Debt
Debt-to-Equity Ratio4.77
Current Ratio1.25
Quick Ratio1.14
Price-To-Earnings
Trailing P/E Ratio-4.79
Forward P/E Ratio-13.22
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.88 billion
Price / Sales0.35
Cash Flow$3.6120 per share
Price / Cash1.83
Book Value$32.31 per share
Price / Book0.20
Profitability
EPS (Most Recent Fiscal Year)($1.38)
Net Income$-163,270,000.00
Net Margins-4.62%
Return on Equity-3.64%
Return on Assets-1.07%
Miscellaneous
Employees6,800
Outstanding Shares100,430,000
Market Cap$701.03 million
Teekay (NYSE:TK) Frequently Asked Questions
What is Teekay's stock symbol?
Teekay trades on the New York Stock Exchange (NYSE) under the ticker symbol "TK."
How often does Teekay pay dividends? What is the dividend yield for Teekay?
Teekay announced a quarterly dividend on Thursday, July 5th. Investors of record on Friday, August 3rd will be given a dividend of $0.055 per share on Wednesday, August 15th. This represents a $0.22 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, August 2nd. View Teekay's Dividend History.
How were Teekay's earnings last quarter?
Teekay Co. (NYSE:TK) released its quarterly earnings results on Thursday, August, 2nd. The shipping company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.13. The shipping company earned $405.60 million during the quarter, compared to analyst estimates of $332.02 million. Teekay had a negative net margin of 4.62% and a negative return on equity of 3.64%. Teekay's quarterly revenue was down 21.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.44) earnings per share. View Teekay's Earnings History.
When is Teekay's next earnings date?
What price target have analysts set for TK?
2 Wall Street analysts have issued 12-month price targets for Teekay's shares. Their forecasts range from $6.50 to $8.00. On average, they anticipate Teekay's share price to reach $7.25 in the next year. This suggests a possible upside of 9.7% from the stock's current price. View Analyst Price Targets for Teekay.
What is the consensus analysts' recommendation for Teekay?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay.
Who are some of Teekay's key competitors?
Some companies that are related to Teekay include Ship Finance International (SFL), Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Navigator (NVGS), DHT (DHT), Genco Shipping & Trading (GNK), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT) and DryShips (DRYS).
Who are Teekay's key executives?
Teekay's management team includes the folowing people:
- Mr. Kenneth Hvid, Pres & CEO (Age 50)
- Mr. Vincent Lok, Exec. VP & CFO (Age 50)
- Mr. Arthur J. Bensler, Exec. VP, Gen. Counsel & Corp. Sec. (Age 60)
- Mr. William Hung, Exec. VP of Strategic Devel. (Age 46)
- Ms. Ingvild Sæther, Pres & CEO of Teekay Offshore Group Ltd (Age 49)
Has Teekay been receiving favorable news coverage?
Headlines about TK stock have trended somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay earned a news and rumor sentiment score of 0.16 on Accern's scale. They also assigned media stories about the shipping company an impact score of 46.76 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Teekay.
Who are Teekay's major shareholders?
Teekay's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (8.36%), BlackRock Inc. (3.28%), Bank of America Corp DE (0.97%), Schwab Charles Investment Management Inc. (0.94%), Renaissance Technologies LLC (0.57%) and American Century Companies Inc. (0.34%). View Institutional Ownership Trends for Teekay.
Which major investors are selling Teekay stock?
TK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, California Public Employees Retirement System, Cedar Capital LLC, Jane Street Group LLC, Legal & General Group Plc and Creative Planning. View Insider Buying and Selling for Teekay.
Which major investors are buying Teekay stock?
TK stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., American Century Companies Inc., Richard Bernstein Advisors LLC, Schwab Charles Investment Management Inc., Dynamic Technology Lab Private Ltd, Paloma Partners Management Co and GSA Capital Partners LLP. View Insider Buying and Selling for Teekay.
How do I buy shares of Teekay?
Shares of TK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay's stock price today?
One share of TK stock can currently be purchased for approximately $6.61.
How big of a company is Teekay?
Teekay has a market capitalization of $701.03 million and generates $1.88 billion in revenue each year. The shipping company earns $-163,270,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis. Teekay employs 6,800 workers across the globe.
How can I contact Teekay?
Teekay's mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, V6C 2K2. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]
MarketBeat Community Rating for Teekay (NYSE TK)
MarketBeat's community ratings are surveys of what our community members think about Teekay and other stocks. Vote "Outperform" if you believe TK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TK will underperform the S&P 500 over the long term. You may vote once every thirty days.
