News headlines about Teekay Corporation (NYSE:TK) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 46.5867049124047 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Teekay Corporation (NYSE:TK) opened at 8.92 on Friday. The company’s 50-day moving average price is $8.45 and its 200 day moving average price is $8.38. Teekay Corporation has a 12 month low of $5.14 and a 12 month high of $11.77. The stock’s market capitalization is $769.43 million.
Teekay Corporation (NYSE:TK) last posted its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.07. The company had revenue of $513.90 million for the quarter, compared to analyst estimates of $503.65 million. Teekay Corporation had a negative return on equity of 2.80% and a negative net margin of 5.66%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. On average, analysts forecast that Teekay Corporation will post ($1.11) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Friday, August 4th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, August 2nd. Teekay Corporation’s dividend payout ratio (DPR) is -15.38%.
TK has been the subject of a number of research reports. BidaskClub raised Teekay Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Teekay Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Teekay Corporation in a report on Friday, June 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 target price on shares of Teekay Corporation in a report on Friday, May 19th. Finally, ValuEngine raised Teekay Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.33.
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Teekay Corporation Company Profile
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.
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