News articles about Teekay (NYSE:TK) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.3617503925058 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
TK has been the subject of a number of research reports. Zacks Investment Research raised Teekay from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group reissued a “hold” rating and set a $8.00 price target on shares of Teekay in a research report on Thursday, October 12th. Finally, ValuEngine downgraded Teekay from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Teekay currently has an average rating of “Hold” and an average target price of $7.00.
Shares of Teekay (TK) opened at $10.42 on Friday. Teekay has a 1 year low of $5.14 and a 1 year high of $11.77. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $898.86, a PE ratio of -6.39 and a beta of 1.69.
Teekay (NYSE:TK) last issued its earnings results on Thursday, November 9th. The shipping company reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.03. Teekay had a negative return on equity of 3.48% and a negative net margin of 6.66%. The company had revenue of $500.80 million during the quarter, compared to the consensus estimate of $475.32 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year. research analysts expect that Teekay will post -1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, February 1st. Teekay’s payout ratio is -13.50%.
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Teekay 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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