Several other analysts have also recently commented on the company. ValuEngine cut Teekay from a buy rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research upgraded Teekay from a sell rating to a hold rating in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Teekay currently has a consensus rating of Hold and a consensus price target of $6.19.
Teekay stock traded up $0.03 during midday trading on Friday, reaching $3.13. The company’s stock had a trading volume of 5,687 shares, compared to its average volume of 965,529. Teekay has a 52 week low of $2.82 and a 52 week high of $8.06. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.64. The firm’s 50-day moving average is $3.58. The firm has a market cap of $310.60 million, a PE ratio of -5.81 and a beta of 1.53.
Several large investors have recently modified their holdings of TK. Amundi Pioneer Asset Management Inc. grew its stake in Teekay by 83.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 11,000 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the period. Norges Bank bought a new position in shares of Teekay during the 4th quarter worth $38,000. Wiley BROS. Aintree Capital LLC bought a new position in shares of Teekay during the 4th quarter worth $43,000. BNP Paribas Arbitrage SA grew its stake in shares of Teekay by 478.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 14,301 shares of the shipping company’s stock worth $56,000 after acquiring an additional 11,829 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Teekay during the 1st quarter worth $91,000. 20.90% of the stock is currently owned by institutional investors.
Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers.
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