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, 2016, its fleet consisted of 214 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
Industry Deep sea foreign transportation of freight
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TK
CUSIPY8564W10
Phone441-298-2530
Debt
Debt-to-Equity Ratio1.30
Current Ratio1.14
Quick Ratio1.14
Price-To-Earnings
Trailing P/E Ratio-5.80
Forward P/E Ratio-16.02
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.88 billion
Price / Sales0.43
Cash Flow$3.8143 per share
Price / Cash2.10
Book Value$32.31 per share
Price / Book0.25
Profitability
EPS (Most Recent Fiscal Year)($1.38)
Net Income$-163,270,000.00
Net Margins-7.32%
Return on Equity-3.28%
Return on Assets-1.11%
Miscellaneous
Employees6,800
Outstanding Shares100,430,000
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 Wednesday, April 4th. Investors of record on Friday, May 4th will be given a dividend of $0.055 per share on Wednesday, May 16th. This represents a $0.22 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 3rd. View Teekay's Dividend History.
How were Teekay's earnings last quarter?
Teekay Co. (NYSE:TK) released its quarterly earnings results on Thursday, May, 17th. The shipping company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.11. The shipping company had revenue of $394.02 million for the quarter, compared to the consensus estimate of $296.76 million. Teekay had a negative return on equity of 3.28% and a negative net margin of 7.32%. The company's revenue was down 27.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) earnings per share. View Teekay's Earnings History.
When is Teekay's next earnings date?
What price target have analysts set for TK?
2 brokerages have issued 12 month target prices for Teekay's shares. Their predictions range from $6.50 to $8.00. On average, they expect Teekay's share price to reach $7.25 in the next year. 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), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Navigator (NVGS), Genco Shipping & Trading (GNK), DHT (DHT), DryShips (DRYS), Scorpio Bulkers (SALT) and Gener8 Maritime (GNRT).
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 and Corp. Sec. (Age 60)
- Mr. William Hung, Exec. VP of Strategic Devel. (Age 46)
- Ms. Ingvild Sæther, Chief Exec. Officer of Teekay Offshore Group Ltd and Pres of Teekay Offshore Group Ltd (Age 49)
Has Teekay been receiving favorable news coverage?
Media headlines about TK stock have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. 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 media sentiment score of 0.16 on Accern's scale. They also assigned headlines about the shipping company an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Teekay's major shareholders?
Teekay's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.85%), Northern Trust Corp (1.02%), Schwab Charles Investment Management Inc. (0.92%), JPMorgan Chase & Co. (0.61%), Guggenheim Capital LLC (0.39%) and Evergreen Capital Management LLC (0.32%). 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 Millennium Management LLC, Legal & General Group Plc and California Public Employees Retirement System. 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 BlackRock Inc., Evergreen Capital Management LLC, JPMorgan Chase & Co., A.R.T. Advisors LLC, Thornburg Investment Management Inc., Schwab Charles Investment Management Inc., Northern Trust Corp and Guggenheim Capital LLC. 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 $8.01.
How big of a company is Teekay?
Teekay has a market capitalization of $803.47 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 (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.
