Teekay Corporation (NYSE:TK) Debt Trading 0.7% Lower

Ausiliatrice Cristiano
Luglio 14, 2017

Price moves in a company's debt in credit markets sometimes predict parallel moves in its stock price.

Several analysts have recently commented on TK shares. Royal Bank Of Canada reiterated a "hold" rating on shares of Teekay Corporation in a report on Tuesday, May 9th.

Press coverage about Teekay Corporation (NYSE:TK) has been trending somewhat negative this week, Accern Sentiment Analysis reports. Finally, Zacks Investment Research raised shares of Teekay Corporation from a "sell" rating to a "hold" rating in a research report on Wednesday, April 26th. BidaskClub lowered shares of Teekay Corporation from a "hold" rating to a "sell" rating in a report on Wednesday. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company.

Teekay Corporation (NYSE TK) traded up 5.79% during trading on Monday, hitting $7.12. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. The stock has a 50 day moving average of $6.34 and a 200-day moving average of $8.49. The company has market cap of $622.64 million.

Teekay Corporation (NYSE:TK) last released its quarterly earnings results on Thursday, May 18th. The shipping company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by $0.24. The firm had revenue of $543.50 million during the quarter, compared to analysts' expectations of $497.83 million.

While having a peek at profitability ratios Teekay Shipping Corp (NYSE:TK) has trailing twelve month gross margin at 50.4%, its trailing twelve month operating margin stands at 14.8% whereas its trailing twelve month net profit margin spots at -5.4%. The business's revenue for the quarter was down 15.2% on a year-over-year basis. On average, equities research analysts forecast that Teekay Corporation will post ($0.96) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, August 4th will be given a dividend of $0.055 per share. The ex-dividend date is Wednesday, August 2nd. Teekay Corporation's dividend payout ratio (DPR) is now -13.41%. Jefferies Group LLC restated a "hold" rating and set a $7.00 price objective on shares of Teekay Corporation in a research report on Friday, May 19th.

In Shipping Industry, Teekay Corporation (TK) have 86.49 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Finally, Trexquant Investment LP boosted its position in shares of Teekay Corporation by 120.7% in the fourth quarter. Berson & Corrado Investment Advisors LLC's holdings in Teekay Corporation were worth $956,000 as of its most recent filing with the SEC. FMR LLC now owns 8,474,399 shares of the shipping company's stock worth $68,049,000 after buying an additional 2,396,112 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Teekay Corporation during the first quarter worth $111,000. The institutional investor owned 37,558 shares of the shipping company's stock at the end of the first quarter. Russell Investments Group Ltd. acquired a new stake in shares of Teekay Corporation during the first quarter valued at $154,000. Alliancebernstein L.P. now owns 71,700 shares of the shipping company's stock worth $656,000 after buying an additional 5,700 shares during the period.

Investors of this company earned a return of -0.90% on the assets it owns in past twelve month.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by BNB Daily and is the sole property of of BNB Daily.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Firm also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. It is involved in the operations in the offshore production, storage and transportation sector through its subsidiary, Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS.

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