Teekay (TK) Earning Somewhat Favorable News Coverage, Analysis Finds

News articles about Teekay (NYSE:TK) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 48.2410118994264 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

TK traded down $0.10 during trading on Friday, reaching $6.98. 560,891 shares of the company’s stock were exchanged, compared to its average volume of 625,587. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.14 and a current ratio of 1.25. Teekay has a fifty-two week low of $6.69 and a fifty-two week high of $10.90. The firm has a market capitalization of $711.08 million, a PE ratio of -5.06 and a beta of 1.29.

Teekay (NYSE:TK) last released its earnings results on Thursday, August 2nd. The shipping company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.13. The firm had revenue of $405.60 million during the quarter, compared to analyst estimates of $332.02 million. Teekay had a negative net margin of 4.62% and a negative return on equity of 3.64%. The business’s quarterly revenue was down 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.44) EPS. equities analysts forecast that Teekay will post -0.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Friday, August 3rd will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.15%. Teekay’s dividend payout ratio is -15.94%.

A number of analysts have commented on the stock. ValuEngine lowered shares of Teekay from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Morgan Stanley lifted their target price on shares of Teekay from $6.00 to $6.50 and gave the stock an “underweight” rating in a report on Wednesday, June 13th.

About Teekay

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers, floating storage and offloading (FSO) units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects.

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