Teekay (TK) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $7.94 to $8.23
• 50-Day Range: $7.45 to $9.60
• 52-Week Range: $6.41 to $9.95
• Volume: 718,801 shs
• Average Volume: 668,607 shs
• Market Capitalization: $731.05 million
• P/E Ratio: 5.31
• Dividend Yield: 3.14%
• Price Target: N/A
• Consensus Rating: N/A

Teekay Stock Analysis - MarketRank™

Teekay scored higher than 38% 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.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Teekay.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Teekay is 5.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Teekay is 5.31, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.75.

Price to Book Value per Share Ratio

Teekay has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

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

• Score: 1.7 / 5
• Dividend Strength: Weak

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%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.41

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

Only 2 people have added Teekay to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

TK Stock Analysis - Frequently Asked Questions

How have TK shares performed this year?

Teekay's stock was trading at $7.15 at the start of the year. Since then, TK stock has increased by 11.5% and is now trading at $7.97.
View the best growth stocks for 2024 here.

How were Teekay's earnings last quarter?

Teekay Co. (NYSE:TK) posted its quarterly 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 trailing twelve-month return on equity of 6.56% and a net margin of 11.05%.

Who are Teekay's major shareholders?

Teekay's top institutional investors 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.

How do I buy shares of Teekay?

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.

What other stocks do shareholders of Teekay own?

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

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:TK
• CUSIP: Y8564W10
• CIK: 911971
• Web: www.teekay.com
• Phone: (441) 298-2530
• Fax: 604-844-6600
• Employees: 2,300
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.50
• Trailing P/E Ratio: 5.45
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $150.64 million
• Net Margins: 11.05%
• Pretax Margin: 33.70%
• Return on Equity: 6.56%
• Return on Assets: 5.75%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 8.46
• Quick Ratio: 8.07

Sales & Book Value

• Annual Sales: $1.46 billion
• Price / Sales: 0.51
• Cash Flow: $2.73 per share
• Price / Cash Flow: 2.99
• Book Value: $19.80 per share
• Price / Book: 0.41

Miscellaneous

• Outstanding Shares: 91,840,000
• Free Float: 89,650,000
• Market Cap: $750.33 million
• Optionable: Optionable
• Beta: 0.60