About Teekay Corporation (NYSE:TK)
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:
- Industry: Sea-Borne Tankers
- Sub-Industry: Oil & Gas Storage & Transportation
- Sector: Energy
- Symbol: NYSE:TK
- CUSIP: Y8564W10
- Web: www.teekay.com
- Debt-to-Equity Ratio: 1.49%
- Current Ratio: 0.55%
- Quick Ratio: 0.55%
Sales & Book Value:
- Annual Sales: $2.33 billion
- Price / Sales: 0.30
- Cash Flow: $5.60 per share
- Price / Cash: 1.46
- Book Value: $47.75 per share
- Price / Book: 0.17
- Annual Dividend: $0.22
- Dividend Yield: 2.6%
- Trailing EPS: ($1.63)
- Net Income: $-123,180,000.00
- Net Margins: -6.66%
- Return on Equity: -3.18%
- Return on Assets: -1.00%
- Employees: 6,800
- Outstanding Shares: 86,260,000
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 announced a quarterly dividend on Tuesday, October 3rd. Shareholders of record on Friday, November 3rd will be given a dividend of $0.055 per share on Wednesday, November 15th. This represents a $0.22 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, November 2nd. View Teekay Corporation's Dividend History.
How were Teekay Corporation's earnings last quarter?
Teekay Corporation (NYSE:TK) issued its earnings results on Thursday, November, 9th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.44) by $0.03. The shipping company earned $500.80 million during the quarter, compared to analyst estimates of $475.32 million. Teekay Corporation had a negative net margin of 6.66% and a negative return on equity of 3.18%. Teekay Corporation's quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.23) 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?
3 equities research analysts have issued 12 month price targets for Teekay Corporation's stock. Their predictions range from $3.00 to $8.00. On average, they expect Teekay Corporation's share price to reach $5.50 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 Western Refining Logistics, LP (WNRL), Golar LNG Partners LP (GMLP), GasLog LP. (GLOG), Forum Energy Technologies (FET), Superior Energy Services (SPN), Ngl Energy Partners Lp (NGL), Summit Midstream Partners, LP (SMLP), Teekay LNG Partners L.P. (TGP), Transocean Partners LLC (RIGP), USA Compression Partners, LP (USAC), Crestwood Midstream Partners LP (CMLP), Oil States International (OIS), Fairmount Santrol Holdings (FMSA), SunPower Corporation (SPWR), Unit Corporation (UNT), Cone Midstream Partners LP (CNNX), Exterran (EXTN) and Trina Solar Limited (TSL).
Who are Teekay Corporation's key executives?
Teekay Corporation's management team includes the folowing people:
- William P. Utt, Independent Chairman of the Board (Age 59)
- Kenneth Hvid, President, Chief Executive Officer (Age 48)
- Vincent Lok, Chief Financial Officer, Executive Vice President (Age 48)
- Mark Kremin, President, Chief Executive Officer of Teekay Gas Group Ltd. (Age 46)
- Kevin J. Mackay, President and Chief Executive Officer, Teekay Tanker Services, a division of Teekay (Age 48)
- Ingvild Saether, President, Chief Executive Officer of Teekay Offshore Group Ltd. (Age 49)
- Arthur Bensler, Executive Vice President, General Counsel, Secretary (Age 59)
- William Hung, Executive Vice President, Strategic Development (Age 45)
- Rudolph W.J. Krediet, Director
- David Schellenberg, Director
Who owns Teekay Corporation stock?
Teekay Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Magnetar Financial LLC (0.84%), Schwab Charles Investment Management Inc. (0.80%), Dimensional Fund Advisors LP (0.60%), Cedar Capital LLC (0.58%), California Public Employees Retirement System (0.30%) and Bank of New York Mellon Corp (0.27%). 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 JPMorgan Chase & Co., Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Wells Fargo & Company MN, California Public Employees Retirement System, California State Teachers Retirement System and Benchmark Capital Advisors. View Insider Buying and Selling for Teekay Corporation.
Who bought Teekay Corporation stock? Who is buying Teekay Corporation stock?
Teekay Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Dalton Investments LLC, Convergence Investment Partners LLC, Malaga Cove Capital LLC, Cedar Capital LLC, Legal & General Group Plc, Fox Run Management L.L.C., Wellington Shields Capital Management LLC and Dynamic Technology Lab Private Ltd. 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 with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay Corporation's stock price today?
One share of Teekay Corporation stock can currently be purchased for approximately $8.17.
How big of a company is Teekay Corporation?
Teekay Corporation has a market capitalization of $735.72 million and generates $2.33 billion in revenue each year. The shipping company earns $-123,180,000.00 in net income (profit) each year or ($1.63) on an earnings per share basis. Teekay Corporation employs 6,800 workers across the globe.
How can I contact Teekay Corporation?
Teekay Corporation's mailing address is Fourth Floor, 69 Pitts Bay Road, PEMBROKE, HM 08, Bermuda. The shipping company can be reached via phone at +1-441-2982530 or via email at [email protected]
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.
Analysts' Consensus Rating for Teekay Corporation (NYSE:TK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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, 2 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.67)|
|Consensus Price Target: ||$5.50 (32.68% downside)|
Consensus Price Target History for Teekay Corporation (NYSE:TK)
Analysts' Ratings History for Teekay Corporation (NYSE:TK)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||Jefferies Group LLC||Reiterated Rating||Hold||$8.00||N/A|
|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|
|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|
Earnings History and Estimates Chart 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|
|2/22/2018|| || || || || || || || |
|11/9/2017||Q3 17||($0.44)||($0.41)||$475.32 million||$500.80 million||View||N/A|
|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: ($0.76)
(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:||11/15/2017|
|Dividend Growth:||-44.20% (3 Year Average)|
|Payout Ratio:||-13.50% (Trailing 12 Months of Earnings) |
-18.97% (Based on This Year's Estimates)
27.16% (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 and Institutional Ownership History for Teekay Corporation (NYSE TK)
Insider Ownership Percentage: 2.38%
Institutional Ownership Percentage: 31.35%
Insider Trades by Quarter for Teekay Corporation (NYSE TK)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
Latest Headlines for Teekay Corporation (NYSE TK)
|Hoegh LNG Partners (HMLP) and Teekay Corporation (TK) Head to Head Comparison|
www.americanbankingnews.com - November 19 at 11:34 AM
|Teekay LNG Partners Establishes New Multigas Pool - GlobeNewswire (press release)|
globenewswire.com - November 16 at 9:09 AM
|ETFs with exposure to Teekay Corp. : November 15, 2017|
finance.yahoo.com - November 15 at 3:05 PM
|Teekay Corporation (TK) Expected to Announce Quarterly Sales of $530.63 Million|
www.americanbankingnews.com - November 15 at 8:28 AM
|Teekay Corporation: Accounting And Communication Need To Improve|
seekingalpha.com - November 14 at 10:07 AM
|Why Teekay Corporation Stock Took Off Today - Motley Fool|
www.fool.com - November 11 at 7:37 PM
|Edited Transcript of TK earnings conference call or presentation 9-Nov-17 7:00pm GMT|
finance.yahoo.com - November 10 at 9:27 AM
|Teekay Corp. breached its 50 day moving average in a Bullish Manner : TK-US : November 10, 2017|
finance.yahoo.com - November 10 at 9:27 AM
|Teekay Corp's (TK) CEO Kenneth Hvid on Q3 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - November 9 at 8:38 PM
|Why Teekay Corporation Stock Took Off Today|
finance.yahoo.com - November 9 at 8:38 PM
|Teekay Corporation (TK) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS|
www.americanbankingnews.com - November 9 at 4:52 PM
|Teekay reports 3Q loss|
finance.yahoo.com - November 9 at 8:10 AM
|Teekay Corporation (TK) Expected to Announce Quarterly Sales of $475.32 Million|
www.americanbankingnews.com - November 6 at 4:32 AM
|Teekay Corporation (TK) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - November 5 at 9:52 PM
|Teekay Corporation (TK) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - November 2 at 9:53 AM
|Teekay Corporation (TK): What You Have To Know Before Buying For The Upcoming Dividend|
finance.yahoo.com - October 30 at 7:44 AM
|Teekay LNG Partners LP: This 8.50% Fixed-To-Floating Preferred Stock Started Trading On The NYSE|
seekingalpha.com - October 26 at 11:03 AM
|ETFs with exposure to Teekay Corp. : October 25, 2017|
finance.yahoo.com - October 25 at 4:38 PM
|Teekay Corporation (TK) Scheduled to Post Earnings on Wednesday|
www.americanbankingnews.com - October 25 at 7:49 AM
|Brokers Issue Forecasts for Teekay Corporation's Q3 2017 Earnings (TK)|
www.americanbankingnews.com - October 23 at 1:28 AM
|Teekay Corporation (TK) Expected to Post Quarterly Sales of $477.80 Million|
www.americanbankingnews.com - October 17 at 1:42 AM
|Jefferies Group LLC Reaffirms "Hold" Rating for Teekay Corporation (TK)|
www.americanbankingnews.com - October 15 at 5:16 PM
|Teekay Corporation (TK) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - October 12 at 12:49 AM
|ETFs with exposure to Teekay Corp. : October 10, 2017|
finance.yahoo.com - October 11 at 8:36 AM
|Teekay Corporation (TK) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - October 8 at 12:32 AM
|Teekay Corporation (TK) Declares Quarterly Dividend of $0.06|
www.americanbankingnews.com - October 3 at 4:44 PM
|Teekay Corp. – Value Analysis (NYSE:TK) : September 25, 2017|
finance.yahoo.com - October 3 at 1:32 PM
|Teekay Corp. :TK-US: Earnings Analysis: Q2, 2017 By the Numbers : September 26, 2017|
finance.yahoo.com - October 3 at 1:32 PM
|ETFs with exposure to Teekay Corp. : September 27, 2017|
finance.yahoo.com - October 3 at 1:32 PM
|Financial Analysis: KNOT Offshore Partners (KNOP) & Teekay Corporation (TK)|
www.americanbankingnews.com - October 1 at 10:30 PM
| Brokerages Anticipate Teekay Corporation (TK) Will Post Quarterly Sales of $477.80 Million|
www.americanbankingnews.com - September 29 at 9:46 AM
|Teekay Corp. breached its 50 day moving average in a Bearish Manner : TK-US : September 22, 2017|
finance.yahoo.com - September 23 at 10:02 AM
|Contrasting KNOT Offshore Partners (KNOP) and Teekay Corporation (TK)|
www.americanbankingnews.com - September 20 at 4:14 PM
|Implied Volatility Surging for Teekay (TK) Stock Options|
www.zacks.com - September 19 at 8:32 AM
| Brokerages Expect Teekay Corporation (TK) Will Announce Earnings of -$0.40 Per Share|
www.americanbankingnews.com - September 8 at 10:20 AM
|Teekay And Daughter Firms: Comprehensive Investment Update|
seekingalpha.com - September 5 at 9:14 AM
|Another Short Battle For Teekay Is Looming|
seekingalpha.com - August 28 at 7:04 AM
|What Teekay Tankers Can Afford|
seekingalpha.com - August 26 at 9:23 AM
|Options Traders Expect Huge Moves in Teekay Corp (TK) Stock|
finance.yahoo.com - August 26 at 9:23 AM
|Teekay Corporation (TK) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - August 23 at 12:32 AM
|$477.80 Million in Sales Expected for Teekay Corporation (TK) This Quarter|
www.americanbankingnews.com - August 22 at 3:20 AM
|Teekay Corporation (TK) Expected to Announce Earnings of -$0.40 Per Share|
www.americanbankingnews.com - August 20 at 8:12 PM
|Teekay Offshore: A New Day Is Dawning|
seekingalpha.com - August 8 at 7:33 AM
|ETFs with exposure to Teekay Corp. : August 7, 2017|
finance.yahoo.com - August 8 at 7:33 AM
|Teekay Corp's (TK) CEO Kenneth Hvid on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - August 5 at 7:45 AM
|Edited Transcript of TK earnings conference call or presentation 4-Aug-17 3:00pm GMT|
finance.yahoo.com - August 5 at 7:45 AM
|Teekay Corporation (NYSE:TK) Expected to Announce Quarterly Sales of $504.07 Million|
www.americanbankingnews.com - August 4 at 8:14 AM
|Teekay Corporation (NYSE:TK) Announces Earnings Results|
www.americanbankingnews.com - August 3 at 10:32 PM
|Teekay reports 2Q loss|
finance.yahoo.com - August 3 at 7:57 AM
|Teekay Corporation Reports Second Quarter 2017 Results|
feeds.benzinga.com - August 3 at 3:16 AM
Teekay Corporation (NYSE TK) Chart for Tuesday, November, 21, 2017