Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
BermudaIPO:
20 July 1995Website:
http://www.teekay.comNext earnings report:
02 August 2024Last dividends:
31 January 2019Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 21:29:10 GMTDividend
Analysts recommendations
Institutional Ownership
TK Latest News
Global transport stocks have outperformed the S&P 500, with the US Global Sea to Sky Cargo ETF up 36% YoY. Teekay Tankers leads the performance with its strong balance sheet, EPS growth, debt-free status, and a recent special dividend. While EPS may top out here, TNK sports strong free cash flow, solid valuation multiples, and technical chart support suggesting continued upside.
HAMILTON, Bermuda, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2023 before market open on Thursday, February 22, 2024.
Watch to see if Teekay stock can catapult past the prior entry of 7.67, or form yet another base.
Teekay Corporation's stock has been steadily climbing and outperforming the broader markets, with a return of over 60%. The company's value is discounted compared to its equity, with a potential upside of $18.6 per share. Teekay is experiencing growth and generating robust free cash flow, allowing for share buybacks and increasing shareholder value.
Teekay Corporation shares have rallied after subsidiary and main asset Teekay Tankers Ltd. reported record first quarter results and announced an aggregate of $1.25 in dividends per share payable next month. Over the next four quarters, Teekay Corporation should receive at least $20 million in dividend payments from Teekay Tankers.
Teekay Corporation's shares rally to new multi-year highs after the company accelerated share buybacks over a couple of weeks. In recent months, the company has repurchased 6.3% of its outstanding common stock at an average price of $4.64 per share for a total of $30 million.
What type of business is Teekay?
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.
What sector is Teekay in?
Teekay is in the Energy sector
What industry is Teekay in?
Teekay is in the Oil & Gas Midstream industry
What country is Teekay from?
Teekay is headquartered in Bermuda
When did Teekay go public?
Teekay initial public offering (IPO) was on 20 July 1995
What is Teekay website?
https://www.teekay.com
Is Teekay in the S&P 500?
No, Teekay is not included in the S&P 500 index
Is Teekay in the NASDAQ 100?
No, Teekay is not included in the NASDAQ 100 index
Is Teekay in the Dow Jones?
No, Teekay is not included in the Dow Jones index
When does Teekay report earnings?
The next expected earnings date for Teekay is 02 August 2024