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Last $42.82 USD
Change Today +0.03 / 0.07%
Volume 803.5K
As of 7:34 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

teekay corp (TK) Snapshot

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52 Week High
09/30/14 - $67.98
52 Week Low
01/29/15 - $41.12
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Current Stock Chart for TEEKAY CORP (TK)

teekay corp (TK) Related Businessweek News

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teekay corp (TK) Details

Teekay Corporation primarily provides crude oil and gas marine transportation services in Bermuda and internationally. Its Shuttle Tanker and FSO segment operates shuttle tankers, floating storage and off-take (FSO) units, floating accommodation units, and long-distance towing and offshore installation vessels. The company’s FPSO segment operates floating production, storage, and offloading (FPSO) units, as well as other vessels used to service its FPSO contracts. Its Liquefied Gas segment operates liquefied natural gas (LNG) and liquefied petroleum gas carriers. The company’s Conventional Tanker segment operates conventional crude oil and product tankers. As of April 02, 2015, its fleet comprised approximately 200 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.

6,800 Employees
Last Reported Date: 04/29/15
Founded in 1973

teekay corp (TK) Top Compensated Officers

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Executives, Board Directors

teekay corp (TK) Key Developments

Teekay Corporation Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Teekay Corporation reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue was $545.862 million against $506.494 million a year ago. Income from vessel operations was $137.425 million against $111.867 million a year ago. Net income before tax was $42.857 million against $51.920 million a year ago. Net income was $43.852 million against $49.122 million a year ago. Net loss attributable to shareholders of company was $9.764 million or $0.13 per diluted share against $0.488 million or $0.01 per diluted share a year ago. Net operating cash flow was $181.668 million against $103.737 million a year ago. Expenditures for vessels and equipment was $665.091 million against $106.299 million a year ago.

Teekay Corporation Presents at NAPTP 2015 MLP Investor Conference, May-20-2015 03:30 PM

Teekay Corporation Presents at NAPTP 2015 MLP Investor Conference, May-20-2015 03:30 PM. Venue: Hyatt Regency, Orlando, Florida, United States. Speakers: Peter Evensen, Chief Executive Officer, President and Director.

Teekay Corp. Announces Earnings Results for the First Quarter 2015; Provides Financial Guidance for the Second Quarter of 2015

Teekay Corp. announced earnings results for the first quarter 2015. For the quarter, the company reported adjusted net income attributable to shareholders was $15.7 million or $0.22 per share, up from $3.5 million or $0.05 per share a year earlier. On a GAAP-basis, the company posted a net loss of $9.8 million or $0.13 per share, widening from a net loss of $488,000 or $0.01 per share in the prior-year period. Revenues increased 7.8% year-on-year to $545.8 million, meeting the $544.5 million consensus. The company generated $320.9 million of total consolidated cash flow from Vessel Operations, or CFVO, an increase of 21% over the same period of the prior year. Teekay Parent generated strong free cash flow of $31.5 million or $0.43 per share in the first quarter, an increase of 49% over the same period of the prior year, largely due to the expected step-up in the Banff FPSO contract rate effective January 1. And partial contribution from the Knarr FPSO, which achieved first oil and commenced its charter contract at a partial rate on March 9. The main factors contributing to the first quarter results include the commencement of the charter contract for the Knarr FPSO on March 9, with First Quarter results for the unit included in Teekay Parent results prior to the Knarr's expected drop-down sale to TOO later in second quarter; stronger average spot tanker rates; and an increase in TNK's owned and in-chartered spot tanker fleet; and lower repairs and maintenance costs for FPSO fleet, some of which is due to timing of expenditures. Looking ahead to the second quarter of 2015, The company expects Teekay Parent's free cash flow to increase further, mainly due to a greater contribution from the Knarr FPSO. Income tax expense is expected to be approximately $2 million in second quarter, and noncontrolling interest expense is expected to decrease by $15 million to $17 million in second quarter relative to first quarter, primarily as a result of lower expected earnings in Teekay Offshore and Teekay LNG. Overall, The company expects net income to be relatively consistent with the first quarter as a result of the positive contribution from the Knarr FPSO, which is partially offset by temporary revenue decreases in the shuttle tanker fleet. Looking ahead, The company expects OPCO cash flows to increase in second quarter from the further contributions of the Knarr FPSO to OPCO cash flows.


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Valuation TK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 2.9x
Price/Cash Flow 8.4x
TEV/Sales NM Not Meaningful

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