News coverage about Teekay Corporation (NYSE:TK) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.3767490123231 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Active Institutional Ownership Call For Attention: Teekay Corporation (NYSE:TK) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- ETFs with exposure to Teekay Corp. : October 10, 2017 (finance.yahoo.com)
- Technical Picture: Shares of Teekay Corporation (TK) are worth at $8.80 – Wall Street Morning (wallstreetmorning.com)
- Teekay Corporation (TK) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Teekay Corporation (TK) noted a price change of 0.33% and LiLAC Group (LILA) closes with a move of -0.67% – Stocks Gallery (stocksgallery.com)
A number of equities analysts have issued reports on TK shares. ValuEngine lowered shares of Teekay Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Teekay Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. BidaskClub lowered shares of Teekay Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating on shares of Teekay Corporation in a research report on Friday, June 16th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target on shares of Teekay Corporation in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.75.
Teekay Corporation (TK) traded up 0.56% during trading on Thursday, hitting $8.95. 60,324 shares of the stock traded hands. Teekay Corporation has a 12 month low of $5.14 and a 12 month high of $11.77. The firm’s 50-day moving average is $9.04 and its 200-day moving average is $8.16. The stock’s market cap is $772.02 million.
Teekay Corporation (NYSE:TK) last issued its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.07). Teekay Corporation had a negative return on equity of 2.82% and a negative net margin of 5.66%. The company had revenue of $513.90 million for the quarter, compared to analyst estimates of $503.65 million. During the same period in the prior year, the business earned $0.01 earnings per share. Teekay Corporation’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts forecast that Teekay Corporation will post ($1.26) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, November 3rd will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, November 2nd. Teekay Corporation’s dividend payout ratio is presently -15.38%.
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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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