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: Sea-Borne Tankers
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NYSE:TK
- CUSIP: Y8564W10
- Web: www.teekay.com
- Market Cap: $776.33 million
- Outstanding Shares: 86,259,000
- 50 Day Moving Avg: $9.28
- 200 Day Moving Avg: $8.19
- 52 Week Range: $5.14 - $11.77
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 150.00
- P/E Growth: 0.31
- Annual Revenue: $2.16 billion
- Price / Sales: 0.36
- Book Value: $9.33 per share
- Price / Book: 0.96
- Annual Dividend: $0.22
- Dividend Yield: 2.5%
- EBIDTA: $843.75 million
- Net Margins: -5.66%
- Return on Equity: -2.82%
- Return on Assets: -0.87%
- Debt-to-Equity Ratio: 1.49%
- Current Ratio: 0.55%
- Quick Ratio: 0.55%
- Average Volume: 1.81 million shs.
- Beta: 1.68
- Short Ratio: 5.8
Frequently Asked Questions for Teekay Corporation (NYSE:TK)
What is Teekay Corporation's stock symbol?
Teekay Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TK."
How often does Teekay Corporation pay dividends? What is the dividend yield for Teekay Corporation?
Teekay Corporation declared a quarterly dividend on Friday, July 7th. Shareholders of record on Friday, August 4th will be given a dividend of $0.055 per share on Wednesday, August 16th. This represents a $0.22 annualized dividend and a yield of 2.44%. The ex-dividend date is Wednesday, August 2nd. View Teekay Corporation's Dividend History.
How were Teekay Corporation's earnings last quarter?
Teekay Corporation (NYSE:TK) posted its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.07. The company had revenue of $513.90 million for the quarter, compared to analysts' expectations of $503.65 million. Teekay Corporation had a negative net margin of 5.66% and a negative return on equity of 2.82%. The firm's revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. View Teekay Corporation's Earnings History.
When will Teekay Corporation make its next earnings announcement?
Where is Teekay Corporation's stock going? Where will Teekay Corporation's stock price be in 2017?
4 equities research analysts have issued twelve-month price objectives for Teekay Corporation's stock. Their forecasts range from $3.00 to $7.00. On average, they anticipate Teekay Corporation's share price to reach $5.33 in the next year. View Analyst Ratings for Teekay Corporation.
Who are some of Teekay Corporation's key competitors?
Some companies that are related to Teekay Corporation include Gol Linhas Aereas Inteligentes S.A. (GOL), Saia (SAIA), Hub Group (HUBG), Air Transport Services Group (ATSG), GasLog LP. (GLOG), Teekay LNG Partners L.P. (TGP), Ship Finance International Limited (SFL), Herc Holdings (HRI), Euronav NV (EURN), Greenbrier Companies, Inc. (The) (GBX), Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), Golden Ocean Group Limited (GOGL), Matson (MATX), Avianca Holdings S.A. (AVH), Marten Transport (MRTN), Frontline (FRO), Textainer Group Holdings Limited (TGH) and GasLog Partners LP (GLOP).
Who are Teekay Corporation's key executives?
Teekay Corporation's management team includes the folowing people:
- William P. Utt, Independent Chairman of the Board
- 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 Corporation stock?
Teekay Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include
COBAS ASSET MANAGEMENT, SGIIC, S.A.
(10.07%), FMR LLC (9.98%), Eagle Global Advisors LLC (1.96%), State Street Corp (1.37%), Northern Trust Corp (1.24%) and Schwab Charles Investment Management Inc. (0.87%). View Institutional Ownership Trends for Teekay Corporation.
Who sold Teekay Corporation stock? Who is selling Teekay Corporation stock?
Teekay Corporation's stock was sold by a variety of institutional investors in the last quarter, including Atlantic Trust Group LLC, Numeric Investors LLC, JPMorgan Chase & Co., OxFORD Asset Management LLP, Eagle Global Advisors LLC, Parametric Portfolio Associates LLC, Cubist Systematic Strategies LLC and Aperio Group LLC. View Insider Buying and Selling for Teekay Corporation.
Who bought Teekay Corporation stock? Who is buying Teekay Corporation stock?
Teekay Corporation's stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Wellington Shields & Co. LLC, FMR LLC, Engineers Gate Manager LP, Cedar Capital LLC, Virtu KCG Holdings LLC, Northern Trust Corp and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Teekay Corporation.
How do I buy Teekay Corporation stock?
Shares of Teekay Corporation 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 Corporation's stock price today?
MarketBeat Community Rating for Teekay Corporation (NYSE TK)MarketBeat's community ratings are surveys of what our community members think about Teekay Corporation 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 Corporation stock can currently be purchased for approximately $9.00.
Consensus Ratings for Teekay Corporation (NYSE:TK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 3 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.75)|
|Consensus Price Target: ||$5.33 (40.74% downside)|
Analysts' Ratings History for Teekay Corporation (NYSE:TK)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/16/2017||Royal Bank of Canada||Reiterated Rating||Hold||Low|
|6/9/2017||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$8.00 -> $3.00||High|
|5/19/2017||Jefferies Group LLC||Reiterated Rating||Hold||$7.00||High|
|11/6/2016||Credit Suisse Group||Set Price Target||Hold||$6.00||N/A|
|7/7/2016||Wells Fargo & Company||Reiterated Rating||Neutral -> Hold||N/A|
|2/22/2016||Deutsche Bank AG||Lower Price Target||Hold||$10.00 -> $9.00||N/A|
|12/21/2015||Raymond James Financial, Inc.||Downgrade||Strong-Buy -> Market Perform||N/A|
|12/17/2015||Seaport Global Securities||Downgrade||Buy -> Neutral||N/A|
|11/10/2015||BTIG Research||Reiterated Rating||Buy||$46.00||N/A|
Earnings History for Teekay Corporation (NYSE:TK)Earnings History by Quarter for Teekay Corporation (NYSE TK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||6/30/2017||($0.37)||($0.44)||$503.65 million||$513.90 million||View||Listen|
|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 Corporation (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 Corporation (NYSE:TK)
|Most Recent Dividend:||8/16/2017|
|Dividend Growth:||-44.20% (3 Year Average)|
|Payout Ratio:||-15.38% (Trailing 12 Months of Earnings) |
-19.82% (Based on This Year's Estimates)
366.67% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Teekay Corporation (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 Corporation (NYSE:TK)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Teekay Corporation (NYSE:TK)
Latest Headlines for Teekay Corporation (NYSE:TK)
Teekay Corporation (TK) Chart for Tuesday, September, 19, 2017