Media stories about Teekay (NYSE:TK) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.3993278265068 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Teekay (NYSE:TK) opened at $8.76 on Wednesday. Teekay has a 12 month low of $5.14 and a 12 month 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.
Teekay (NYSE:TK) last posted its earnings results on Thursday, November 9th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. Teekay had a negative net margin of 6.66% and a negative return on equity of 3.48%. The business had revenue of $500.80 million for the quarter, compared to analyst estimates of $475.32 million. During the same period last year, the business posted ($0.23) EPS. Teekay’s revenue was down 8.5% compared to the same quarter last year. equities research analysts forecast that Teekay will post -1.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, November 3rd were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.22 annualized dividend and a yield of 2.51%. Teekay’s dividend payout ratio is -13.33%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Teekay from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine lowered shares of Teekay from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $8.00 target price on shares of Teekay in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.
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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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