Teekay Corporation (NYSE:TK) Given Daily Media Sentiment Rating of 0.08
Media headlines about Teekay Corporation (NYSE:TK) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teekay Corporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.6600703983497 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Brokerages Set Teekay Corporation (TK) Price Target at $5.33 (bulhufas.com)
- Teekay LNG Partners LP (TGP) Lowered to Buy at ValuEngine (fishinghd.com)
- Steady Stock: Teekay Offshore Partners LP (TOO) (vothemes.com)
- Teekay Corporation (NYSE:TK) Earning Somewhat Critical Media Coverage, Study Shows (footballhebdo.com)
- Is Buying Teekay Corporation (NYSE:TK) Here Good Idea? (overnewsmagazine.com)
Shares of Teekay Corporation (TK) opened at 9.53 on Friday. Teekay Corporation has a 12 month low of $5.14 and a 12 month high of $11.77. The firm’s 50-day moving average price is $8.07 and its 200-day moving average price is $8.44. The firm’s market capitalization is $822.05 million.
Teekay Corporation (NYSE:TK) last announced its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.07. Teekay Corporation had a negative return on equity of 2.80% and a negative net margin of 5.66%. The business had revenue of $513.90 million during the quarter, compared to the consensus estimate of $503.65 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue was down 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Teekay Corporation will post ($1.11) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, August 4th will be issued a $0.055 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.22 annualized dividend and a dividend yield of 2.31%. Teekay Corporation’s dividend payout ratio (DPR) is currently -15.38%.
A number of brokerages have commented on TK. Zacks Investment Research upgraded Teekay Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded Teekay Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded Teekay Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Royal Bank Of Canada restated a “hold” rating on shares of Teekay Corporation in a research report on Friday, June 16th. Finally, Morgan Stanley lowered Teekay Corporation from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $3.00 in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.33.
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About Teekay Corporation
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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