News headlines about Teekay Corporation (NYSE:TK) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teekay Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.2784799357946 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Brokerages Expect Teekay Corporation (TK) Will Announce Earnings of -$0.40 Per Share (americanbankingnews.com)
- Teekay Corporation (TK) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Looking at the Big Picture for Teekay Corporation (TK) – StockNewsGazette (stocknewsgazette.com)
- Teekay And Daughter Firms: Comprehensive Investment Update (seekingalpha.com)
Shares of Teekay Corporation (NYSE TK) opened at 9.10 on Tuesday. Teekay Corporation has a 12 month low of $5.14 and a 12 month high of $11.77. The company’s 50 day moving average price is $9.28 and its 200 day moving average price is $8.22. The company’s market capitalization is $784.96 million.
Teekay Corporation (NYSE:TK) last posted its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.07. The business had revenue of $513.90 million for the quarter, compared to the consensus estimate of $503.65 million. Teekay Corporation had a negative net margin of 5.66% and a negative return on equity of 2.82%. Teekay Corporation’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. Analysts expect that Teekay Corporation will post ($1.11) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Friday, August 4th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, August 2nd. Teekay Corporation’s dividend payout ratio is -15.38%.
A number of research firms have recently weighed in on TK. Jefferies Group LLC reiterated a “hold” rating and set a $7.00 target price on shares of Teekay Corporation in a research report on Friday, May 19th. BidaskClub upgraded Teekay Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Teekay Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine upgraded Teekay Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Teekay Corporation in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Teekay Corporation currently has a consensus rating of “Hold” and a consensus price target of $5.33.
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About Teekay Corporation
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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