Teekay (NYSE:TK) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Shares of Teekay (NYSE TK) opened at $7.83 on Wednesday. Teekay has a 1-year low of $5.14 and a 1-year high of $11.15. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $785.01, a price-to-earnings ratio of -4.80 and a beta of 1.46.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, February 1st. Teekay’s payout ratio is -13.50%.
TK has been the topic of several recent research reports. Jefferies Group started coverage on shares of Teekay in a report on Monday, December 18th. They issued a “hold” rating and a $8.00 price target on the stock. Zacks Investment Research raised shares of Teekay from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine raised shares of Teekay from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Morgan Stanley increased their target price on shares of Teekay from $3.00 to $6.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.00.
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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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