Teekay Stock Today

TK Stock  USD 7.28  0.04  0.55%   

Performance

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Odds Of Distress

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Teekay is selling for 7.28 as of the 28th of March 2024. This is a 0.55 percent up since the beginning of the trading day. The stock's last reported lowest price was 7.22. Teekay has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Teekay are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2023 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
19th of July 1995
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda. Teekay Shipping operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. The company has 91.3 M outstanding shares of which 903.28 K shares are at this time sold short in the market by investors with about 1.08 days to cover all shorted shares. More on Teekay

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Follow Valuation Options Odds of Bankruptcy
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Teekay Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Teekay's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Teekay or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorPeter Evensen
Thematic IdeaTransportation (View all Themes)
Old NameTinka Resources Ltd.
Business ConcentrationOil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, Stock Exchange Of, Dow Jones Oil, Transportation, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Teekay report their recommendations after researching Teekay's financial statements, talking to executives and customers, or listening in on Teekay's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Teekay. The Teekay consensus assessment is calculated by taking the average forecast from all of the analysts covering Teekay.
Financial Strength
Based on the key measurements obtained from Teekay's financial statements, Teekay is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of Teekay is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.660.6322
Sufficiently Up
Slightly volatile
Total Current Liabilities164.2 M172.8 M
Notably Down
Pretty Stable
Non Current Liabilities Total327.1 M344.3 M
Notably Down
Slightly volatile
Total Assets2.2 B2.3 B
Notably Down
Slightly volatile
Total Current Assets986.9 M921.9 M
Notably Up
Pretty Stable
Total Cash From Operating Activities406.7 M629.9 M
Way Down
Pretty Stable
Teekay's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Teekay's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Teekay's financial leverage. It provides some insight into what part of Teekay's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Teekay's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Teekay deploys its capital and how much of that capital is borrowed.
Liquidity
Teekay cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 215.91 M of total liabilities with total debt to equity ratio (D/E) of 0.5, which is normal for its line of buisiness. Teekay has a current ratio of 2.87, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Teekay until it has trouble settling it off, either with new capital or with free cash flow. So, Teekay's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Teekay sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Teekay to invest in growth at high rates of return. When we think about Teekay's use of debt, we should always consider it together with cash and equity.

Depreciation

92.67 Million
Teekay (TK) is traded on New York Stock Exchange in USA. It is located in Belvedere Building, Hamilton, Bermuda, HM 08 and employs 2,300 people. Teekay is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 658.27 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Teekay's market, we take the total number of its shares issued and multiply it by Teekay's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Teekay is active under Oil, Gas & Consumable Fuels sector as part of Energy industry. The entity has 91.3 M outstanding shares of which 903.28 K shares are at this time sold short in the market by investors with about 1.08 days to cover all shorted shares. Teekay reports about 309.86 M in cash with 629.92 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.28.
Check Teekay Probability Of Bankruptcy
Ownership Allocation
Teekay shows a total of 91.3 Million outstanding shares. Over half of Teekay's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Teekay. Please watch out for any change in the institutional holdings of Teekay as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Teekay Ownership Details

Teekay Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Teekay jumping above the current price in 90 days from now is about 83.24%. The Teekay probability density function shows the probability of Teekay stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Teekay has a beta of -0.3453. This usually implies as returns on benchmark increase, returns on holding Teekay are expected to decrease at a much lower rate. During the bear market, however, Teekay is likely to outperform the market. Additionally, teekay has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 7.28HorizonTargetOdds Above 7.28
16.65%90 days
 7.28 
83.24%
Based on a normal probability distribution, the odds of Teekay to move above the current price in 90 days from now is about 83.24 (This Teekay probability density function shows the probability of Teekay Stock to fall within a particular range of prices over 90 days) .

Teekay Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Teekay that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Teekay's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Teekay's value.
InstituionRecorded OnShares
D. E. Shaw & Co Lp2023-09-30
M
Two Sigma Advisers, Llc2023-12-31
957.1 K
Man Group Plc2023-12-31
900 K
Two Sigma Investments Llc2023-12-31
895.5 K
American Century Companies Inc2023-12-31
862.8 K
Geode Capital Management, Llc2023-12-31
748.6 K
O'shaughnessy Asset Management Llc2023-12-31
670.8 K
Vanguard Group Inc2023-12-31
626.1 K
Empowered Funds, Llc2023-12-31
552.6 K
Dimensional Fund Advisors, Inc.2023-12-31
5.1 M
Blackrock Inc2023-12-31
3.6 M
View Teekay Diagnostics

Teekay Historical Income Statement

Teekay Income Statement is one of the three primary financial statements used for reporting Teekay's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Teekay revenue and expense. Teekay Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Teekay's Net Income is quite stable compared to the past year. Income Before Tax is expected to rise to about 556.1 M this year, although the value of Operating Income will most likely fall to about 285.1 M. View More Fundamentals

Teekay Stock Against Markets

Picking the right benchmark for Teekay stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Teekay stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Teekay is critical whether you are bullish or bearish towards Teekay at a given time. Please also check how Teekay's historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in Teekay without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Teekay Corporate Directors

Teekay corporate directors refer to members of a Teekay board of directors. The board of directors generally takes responsibility for the Teekay's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Teekay's board members must vote for the resolution. The Teekay board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Peter JansonIndependent DirectorProfile
Peter AntturiIndependent DirectorProfile
Eileen MercierIndependent DirectorProfile
Alan SempleIndependent DirectorProfile

How to buy Teekay Stock?

Before investing in Teekay, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Teekay. To buy Teekay stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Teekay. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Teekay stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Teekay stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Teekay stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Teekay, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Teekay Stock please use our How to Invest in Teekay guide.

Already Invested in Teekay?

The danger of trading Teekay is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Teekay is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Teekay. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Teekay is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Teekay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running Teekay's price analysis, check to measure Teekay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teekay is operating at the current time. Most of Teekay's value examination focuses on studying past and present price action to predict the probability of Teekay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay's price. Additionally, you may evaluate how the addition of Teekay to your portfolios can decrease your overall portfolio volatility.
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Is Teekay's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.04)
Earnings Share
1.54
Revenue Per Share
15.505
Quarterly Revenue Growth
(0.14)
Return On Assets
0.1489
The market value of Teekay is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay's value that differs from its market value or its book value, called intrinsic value, which is Teekay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay's market value can be influenced by many factors that don't directly affect Teekay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.