Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector. It is also involved in the conventional tanker business. Teekay provides a set of marine services to the oil and gas companies. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:TK
- CUSIP: Y8564W10
- Web: www.teekay.com
- Market Cap: $560.19 million
- Outstanding Shares: 86,183,000
- 50 Day Moving Avg: $8.09
- 200 Day Moving Avg: $8.71
- 52 Week Range: $5.45 - $11.77
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.32
- P/E Growth: 0.32
- Annual Revenue: $2.23 billion
- Price / Sales: 0.25
- Book Value: $9.90 per share
- Price / Book: 0.66
- Annual Dividend: $0.22
- Dividend Yield: 3.6%
- EBIDTA: $923.65 million
- Net Margins: -3.32%
- Return on Equity: 0.13%
- Return on Assets: 0.04%
- Debt-to-Equity Ratio: 1.64%
- Current Ratio: 0.77%
- Quick Ratio: 0.77%
- Average Volume: 1.40 million shs.
- Beta: 1.88
- Short Ratio: 4.52
Frequently Asked Questions for Teekay (NYSE:TK)
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 Tuesday, April 4th. Investors of record on Friday, May 5th will be paid a dividend of $0.055 per share on Wednesday, May 17th. This represents a $0.22 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, 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, 18th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by $0.24. The business earned $543.50 million during the quarter, compared to analyst estimates of $497.83 million. Teekay had a positive return on equity of 0.13% and a negative net margin of 3.32%. Teekay's revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. View Teekay's Earnings History.
Where is Teekay's stock going? Where will Teekay's stock price be in 2017?
5 analysts have issued twelve-month target prices for Teekay's shares. Their predictions range from $6.00 to $8.00. On average, they expect Teekay's stock price to reach $7.00 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 GasLog Ltd (GLOG), Frontline (FRO), GasLog Partners LP (GLOP), Golden Ocean Group Ltd (GOGL), KNOT Offshore Partners LP (KNOP), Costamare (CMRE), Hoegh LNG Partners LP (HMLP), Seaspan (SSW), Scorpio Tankers (STNG), Nordic American Tanker Ltd (NAT), Dynagas LNG Partners LP (DLNG), Teekay Offshore Partners L.P. (TOO), Star Bulk Carriers Corp. (SBLK), Dorian LPG Ltd (LPG), Scorpio Bulkers (SALT), Navigator Holdings Ltd (NVGS), Capital Product Partners L.P. (CPLP) and DHT Holdings (DHT).
Who are Teekay's key executives?
Teekay's management team includes the folowing people:
- C. Sean Day, Independent Director
- Kenneth Hvid, Chief Executive Officer
- Vincent Lok, Chief Financial Officer, Executive Vice President
- Mark Kremin, President, Chief Executive Officer of Teekay Gas Group Ltd.
- Peter Lytzen, President, Teekay Petrojarl AS,
- Kevin J. Mackay, President and Chief Executive Officer, Teekay Tanker Services, a division of Teekay
- Ingvild Saether, President, Chief Executive Officer of Teekay Offshore Group Ltd.
- Arthur Bensler, Executive Vice President, General Counsel, Secretary
- William Hung, Executive Vice President, Strategic Development
- Axel Karlshoej, Chairman Emeritus
Who owns Teekay stock?
Teekay's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (9.84%),
COBAS ASSET MANAGEMENT, SGIIC, S.A.
(5.07%), Morgan Stanley (2.90%), Eagle Global Advisors LLC (2.29%), Atlantic Trust Group LLC (1.49%) and JPMorgan Chase & Co. (0.94%). View Institutional Ownership Trends for Teekay.
Who sold Teekay stock? Who is selling Teekay stock?
Teekay's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Atlantic Trust Group LLC, Oxford Asset Management, Granite Point Capital Management L.P., Neuberger Berman Group LLC, Gotham Asset Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and JPMorgan Chase & Co.. View Insider Buying and Selling for Teekay.
Who bought Teekay stock? Who is buying Teekay stock?
Teekay's stock was acquired by a variety of institutional investors in the last quarter, including Cedar Capital LLC, Bank of America Corp DE, Acadian Asset Management LLC, Berson & Corrado Investment Advisors LLC, Schwab Charles Investment Management Inc., Vanguard Group Inc., Geode Capital Management LLC and Karp Capital Management Corp. View Insider Buying and Selling for Teekay.
How do I buy Teekay stock?
Shares of Teekay can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Teekay stock can currently be purchased for approximately $6.50.
Earnings History for Teekay (NYSE:TK)Earnings History by Quarter for Teekay (NYSE:TK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/18/2017||Q1 17||($0.17)||($0.41)||$497.83 million||$543.50 million||View||N/A|
|2/23/2017||Q316||($0.10)||($0.22)||$545.38 million||$552.20 million||View||N/A|
|11/3/2016||Q3||($0.18)||($0.23)||$551.50 million||$547.60 million||View||N/A|
|8/4/2016||Q216||($0.06)||$0.01||$558.42 million||$587.60 million||View||N/A|
|5/19/2016||Q116||$0.20||($0.08)||$605.60 million||$641.10 million||View||Listen|
|2/18/2016||Q415||$0.37||$0.41||$596.70 million||$700.10 million||View||Listen|
|11/5/2015||Q315||$0.15||$0.04||$556.57 million||$611.62 million||View||N/A|
|8/6/2015||Q215||$0.34||$0.27||$534.24 million||$592.80 million||View||N/A|
|5/14/2015||Q115||$0.29||$0.22||$553.98 million||$545.90 million||View||Listen|
|2/19/2015||Q414||$0.25||$0.42||$498.89 million||$519.78 million||View||N/A|
|11/6/2014||Q314||$0.07||($0.17)||$457.77 million||$456.00 million||View||N/A|
|8/7/2014||Q214||($0.22)||($0.31)||$440.50 million||$452.25 million||View||N/A|
|5/15/2014||Q114||($0.15)||$0.05||$450.20 million||$498.00 million||View||N/A|
|2/20/2014||Q413||($0.11)||$0.02||$455.98 million||$493.55 million||View||N/A|
|11/7/2013||Q313||($0.65)||($0.51)||$410.14 million||$454.80 million||View||N/A|
|8/8/2013||Q2 2013||($0.26)||($0.47)||$418.34 million||$430.70 million||View||N/A|
|5/9/2013||Q1 2013||($0.20)||($0.17)||$427.71 million||$451.00 million||View||N/A|
|2/21/2013||Q4 2012||$0.08||$0.14||$466.36 million||$515.22 million||View||N/A|
|11/8/2012||Q312||($0.52)||($0.29)||$433.25 million||$433.90 million||View||N/A|
Earnings Estimates for Teekay (NYSE:TK)
2017 EPS Consensus Estimate: ($0.88)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Teekay (NYSE:TK)
|Most Recent Dividend:||5/17/2017|
|Dividend Growth:||-44.20% (3 Year Average)|
|Payout Ratio:||-18.03% (Trailing 12 Months of Earnings) |
-29.73% (Based on This Year's Estimates)
34.92% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Teekay (NYSE:TK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Teekay (NYSE:TK)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Teekay (NYSE:TK)
Latest Headlines for Teekay (NYSE:TK)
Teekay (TK) Chart for Monday, May, 29, 2017