Teekay Corporation (TK) Earns News Impact Score of 0.07
News articles about Teekay Corporation (NYSE:TK) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Teekay Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 45.8876120963139 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Teekay Corp. breached its 50 day moving average in a Bearish Manner : TK-US : September 22, 2017 (finance.yahoo.com)
- Teekay Corporation (TK) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Contrasting KNOT Offshore Partners (KNOP) and Teekay Corporation (TK) (americanbankingnews.com)
- Teekay Corporation (TK) is at $9.00 per share and Lee Enterprises, Incorporated (LEE) is listed at $2.00 – Stocks Gallery (stocksgallery.com)
- Implied Volatility Surging for Teekay (TK) Stock Options (zacks.com)
Several research firms have issued reports on TK. BidaskClub raised Teekay Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Teekay Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine lowered Teekay Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Morgan Stanley lowered Teekay Corporation from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $3.00 in a research note on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Teekay Corporation in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.33.
Teekay Corporation (NYSE:TK) opened at 8.81 on Friday. The company’s market cap is $759.94 million. Teekay Corporation has a 1-year low of $5.14 and a 1-year high of $11.77. The stock has a 50 day moving average price of $9.26 and a 200-day moving average price of $8.19.
Teekay Corporation (NYSE:TK) last posted its earnings results on Thursday, August 3rd. The shipping company reported ($0.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.07). Teekay Corporation had a negative net margin of 5.66% and a negative return on equity of 2.82%. The business had revenue of $513.90 million for the quarter, compared to analyst estimates of $503.65 million. During the same quarter last year, the business earned $0.01 earnings per share. Teekay Corporation’s revenue was down 12.5% on a year-over-year basis. On average, equities research analysts forecast that Teekay Corporation will post ($1.26) EPS for the current year.
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Teekay Corporation 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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