Media headlines about Teekay (NYSE:TK) have been trending positive on Saturday, according to Alpha One Sentiment. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay earned a coverage optimism score of 0.44 on Alpha One’s scale. Alpha One also assigned news coverage about the shipping company an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near term.
TK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Teekay from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 7th. Jefferies Group LLC boosted their price objective on shares of Teekay from $7.00 to $8.50 and gave the company a “hold” rating in a research report on Monday, January 23rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.56.
Teekay (NYSE:TK) traded up 2.38% during mid-day trading on Friday, reaching $7.75. 1,924,012 shares of the company’s stock traded hands. Teekay has a 1-year low of $5.45 and a 1-year high of $11.77. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $8.75. The stock’s market cap is $667.27 million.
Teekay (NYSE:TK) last released its earnings results on Thursday, February 23rd. The shipping company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.12. Teekay had a negative net margin of 3.32% and a positive return on equity of 0.13%. The firm earned $552.20 million during the quarter, compared to the consensus estimate of $545.38 million. During the same period in the prior year, the business posted $0.41 earnings per share. Teekay’s quarterly revenue was down 21.1% compared to the same quarter last year. Equities research analysts anticipate that Teekay will post ($0.71) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Friday, May 5th will be paid a $0.055 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $0.22 annualized dividend and a dividend yield of 2.84%. Teekay’s dividend payout ratio is presently -18.03%.
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.