Last $42.33 USD
Change Today -0.21 / -0.49%
Volume 613.9K
TK On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

teekay corp (TK) Snapshot

Open
$41.99
Previous Close
$42.54
Day High
$43.49
Day Low
$41.75
52 Week High
09/30/14 - $67.98
52 Week Low
01/29/15 - $41.12
Market Cap
3.1B
Average Volume 10 Days
492.5K
EPS TTM
$0.02
Shares Outstanding
72.2M
EX-Date
01/15/15
P/E TM
2,093.4x
Dividend
$1.26
Dividend Yield
2.99%
Current Stock Chart for TEEKAY CORP (TK)

teekay corp (TK) Related Businessweek News

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teekay corp (TK) Details

Teekay Corporation provides crude oil and gas marine transportation services in Bermuda and internationally. Its Shuttle Tanker and FSO segment operates shuttle tankers, and floating storage and off-take (FSO) units for offloading and transportation of cargo from oil field installations to onshore terminals; and provides floating storage services for oil field installations. The company’s FPSO segment provides floating production, processing, and storage services through floating production, storage, and offloading (FPSO) units. Its Liquefied Gas segment comprises liquefied natural gas (LNG) and liquefied petroleum gas carriers. The company’s Conventional Tanker segment operates conventional crude oil and product tankers that are employed on long-term fixed-rate time-charter contracts. As of March 04, 2014, its fleet comprised approximately 170 liquefied gas, offshore, and conventional tanker assets. The company serves energy and utility companies, oil traders, oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.

6,600 Employees
Last Reported Date: 04/28/14
Founded in 1973

teekay corp (TK) Top Compensated Officers

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Executives, Board Directors

teekay corp (TK) Key Developments

Teekay Corporation Declares Dividend for the Quarter Ended December 31, 2014, Payable on January 30, 2015

Teekay Corporation announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share for the quarter ended December 31, 2014. The cash dividend is payable on January 30, 2015 to all shareholders of record as at January 20, 2015.

Teekay Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Teekay Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported income from vessel operations of $88,389,000, net income before income taxes of $90,935,000, net income attributable to stockholders of Teekay Corporation was $2,374,000 or $0.03 diluted per share on revenues of $490,183,000 against loss from vessel operations of $29,919,000, net loss before income taxes of $85,359,000, net loss attributable to stockholders of Teekay Corporation was $49,104,000 or $0.69 diluted loss per share on revenues of $454,795,000 for the same period a year ago. For the six months, the company reported income from vessel operations of $279,705,000, net income before income taxes of $130,601,000, net loss attributable to stockholders of Teekay Corporation was $41,101,000 or $0.57 diluted loss per share on revenues of $1,448,931,000 against loss from vessel operations of $62,248,000, net income before income taxes of $46,303,000, net loss attributable to stockholders of Teekay Corporation was $43,873,000 or $0.62 diluted loss per share on revenues of $1,336,539,000 for the same period a year ago. Net operating cash flow was $291,163,000 against $95,027,000 for the same period a year ago. Expenditures for vessels and equipment was $678,089,000 against $553,630,000 for the same period a year ago.

Teekay Corporation Announces Unaudited Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Teekay Corporation announced unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on consolidated basis, the company reported revenues of $490,183,000 against $454,795,000 a year ago. Income from vessel operations was $88,389,000 against loss from vessel operations of $29,919,000 a year ago. Net income was $87,824,000 against net loss of $84,697,000 a year ago. Net income attributable to company’s stockholders was $2,374,000 or $0.03 per share basic and diluted against net loss attributable to company’s stockholders of $49,104,000 or $0.60 per share basic and diluted a year ago. Adjusted net loss attributable to stockholders of the company was $12,579,000 or $0.17 per share. Total CFVO was $251,519,000 against $195,200,000 a year ago. The improvement in results is mainly due to contributions from several acquisitions and organic growth projects that delivered during the past year, the restart of the Banff FPSO in late July 2014 after being off-line for repairs, stronger spot tanker rates and savings resulting from the redelivery of several charter and conventional tankers since the second quarter of 2013. Cash flows improved by $10.5 million compared to Q2, primarily due to the Banff FPSO returning to operations in July and lower repairs and maintenance on the Foinaven's compressors. For the nine months, on consolidated basis, the company reported revenues of $1,448,931,000 against $1,336,539,000 a year ago. Income from vessel operations was $279,705,000 against $62,248,000 a year ago. Net income was $121,499,000 against $42,592,000 a year ago. Net loss attributable to company’s stockholders was $41,101,000 or $0.57 per share basic and diluted against $43,873,000 or $0.62 per share basic and diluted a year ago. Net financing cash flow was $522,970,000 against $716,342,000 a year ago. Expenditures for vessels and equipment were $678,089,000 against $553,630,000 a year ago. Adjusted net loss attributable to stockholders of the company was $29,197,000 or $0.40 per share. Total CFVO was $251,519,000 against $195,200,000 a year ago. For the quarter, on parent basis, the company reported net loss attributable to company’s stockholders of $49,104,000 or $0.69 per share. Net loss was $84,697,000. Adjusted net loss attributable to stockholders of the company was $36,014,000 or $0.51 per share. Revenue was $105,902,000. Loss from vessel operations was $20,081,000 Net income was $2,522,000. Net income attributable to stock holders was $2,374,000. Negative CFVO was $13,060,000. ccsh flow per share increased from $0.07 per share in second quarterto $0.21 per share in third quarter and is expected to increase further in Q4. For the nine months, on parent basis, the company reported net loss attributable to company’s stockholders of $43,873,000 or $0.62 per share. Net loss was $42,592,000. Adjusted net loss attributable to stockholders of the company was $81,021,000 or $1.15 per share. Revenue was $313,123,000. Loss from vessel operations was $70,093,000. Net loss was $41,002,000. Net loss attributable to stock holders was $41,101,000. Negative CFVO was $40,671,000. The company expect further improvements in OPCO cash flows in the fourth quarter due to the additional revenue of $20 million to $23 million from the Foinaven FPSO as well as having the Banff FPSO operational for a full quarter.

 

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Industry Analysis

TK

Industry Average

Valuation TK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 2.8x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
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