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Saturday, June 3, 2023

Are Things Looking Up For Teekay Corporation (NYSE: TK)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Teekay Corporation (TK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.33%, to $6.14. The Teekay Corporation has recorded 17,672 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Teekay Corporation Reports First Quarter 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $6.12 and fluctuated between $6.25 as its day high and $5.65 as its day low. The current market capitalization of Teekay Corporation is $573.81M. A total of 1.45 million shares were traded on the day, compared to an average of 1.24M shares.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. TK’s most recent ex-dividend date was 1/31/2019 when it declared a $0.0550 quarterly dividend that was paid in cash on 2/14/2019. Previously, the company paid the dividend on 11/14/2018 with an ex-dividend date of 11/1/2018. The TK stock dividend was $0.0550 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TK in the last 3 months, the mean price target is $3.50 with high estimates of $3.50 and low estimates of $3.50. In terms of 52-week highs and lows, TK has a high of $6.75 and a low of $2.54.

As of this writing, TK has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TK’s latest balance sheet shows that the firm has $108.98M in Cash & Short Term Investments as of fiscal 2021. There were $1.01B in debt and $3.33B in liabilities at the time. Its Book Value Per Share was $6.17, while its Total Shareholder’s Equity was $2.43B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TK is Buy with a score of 0.00.

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