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NYSE:TK

Teekay (TK) Stock Price, News & Analysis

Teekay logo
$8.02
-0.15 (-1.84%)
(As of 02:33 PM ET)

About Teekay Stock (NYSE:TK)

Key Stats

Today's Range
$7.99
$8.23
50-Day Range
$7.45
$9.60
52-Week Range
$6.41
$9.95
Volume
353,724 shs
Average Volume
666,734 shs
Market Capitalization
$736.56 million
P/E Ratio
5.35
Dividend Yield
3.12%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services. As of March 1, 2024, the company operated a fleet of approximately 53 owned and chartered-in vessels. It serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.

Teekay Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
43rd Percentile Overall Score

TK MarketRank™: 

Teekay scored higher than 43% of companies evaluated by MarketBeat, and ranked 195th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Teekay is 5.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Teekay is 5.35, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.17.

  • Price to Book Value per Share Ratio

    Teekay has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Teekay's valuation and earnings.
  • Percentage of Shares Shorted

    1.04% of the float of Teekay has been sold short.
  • Short Interest Ratio / Days to Cover

    Teekay has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teekay has recently increased by 5.81%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Teekay pays a meaningful dividend of 3.06%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Teekay does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Teekay is 16.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Teekay's dividend.
  • Percentage of Shares Shorted

    1.04% of the float of Teekay has been sold short.
  • Short Interest Ratio / Days to Cover

    Teekay has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Teekay has recently increased by 5.81%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Teekay has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Teekay this week, compared to 1 article on an average week.
  • MarketBeat Follows

    3 people have added Teekay to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Teekay insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.38% of the stock of Teekay is held by insiders.

  • Percentage Held by Institutions

    46.73% of the stock of Teekay is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Teekay's insider trading history.
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TK Stock News Headlines

Teekay Corporation Faces Profit Decline Amid Revenue Dip
The secret supplier behind NVIDIA, Tesla and Microsoft
The Biggest AI firms in the world...Tesla... Microsoft... NVIDIA... Are all relying on a little-known supplier, which provides a crucial building block for AI.
Teekay Corporation’s Strong Q3 Performance and Strategic Moves
Teekay Corporation: Q3 Earnings Snapshot
Teekay Corp. reports Q3 EPS 23c vs. 27c last year
Teekay Corporation Reports Q3 2024 Financial Results
See More Headlines

TK Stock Analysis - Frequently Asked Questions

Teekay's stock was trading at $7.15 at the start of the year. Since then, TK shares have increased by 12.2% and is now trading at $8.02.
View the best growth stocks for 2024 here
.

Teekay Co. (NYSE:TK) released its earnings results on Thursday, August, 1st. The shipping company reported $0.35 EPS for the quarter. The shipping company earned $326.14 million during the quarter. Teekay had a net margin of 11.05% and a trailing twelve-month return on equity of 6.56%.

Top institutional investors of Teekay include Allspring Global Investments Holdings LLC (0.41%), Los Angeles Capital Management LLC (0.27%), Ritholtz Wealth Management (0.22%) and Summit Global Investments (0.09%).
View institutional ownership trends
.

Shares of TK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Teekay investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Exxon Mobil (XOM) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
8/01/2024
Today
11/05/2024
Ex-Dividend for 12/18 Dividend
12/04/2024
Dividend Payable
12/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8564W10
Employees
2,300
Year Founded
N/A

Profitability

Net Income
$150.64 million
Pretax Margin
33.70%

Debt

Sales & Book Value

Annual Sales
$1.46 billion
Cash Flow
$2.73 per share
Book Value
$19.80 per share

Miscellaneous

Free Float
89,650,000
Market Cap
$750.33 million
Optionable
Optionable
Beta
0.60

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This page (NYSE:TK) was last updated on 11/5/2024 by MarketBeat.com Staff
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