Somewhat Positive Press Coverage Somewhat Unlikely to Impact Teekay (TK) Stock Price

Media stories about Teekay (NYSE:TK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teekay earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 45.8246230213757 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

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TK opened at $8.09 on Monday. The firm has a market cap of $730.18, a P/E ratio of -5.86 and a beta of 1.32. Teekay has a twelve month low of $5.14 and a twelve month high of $10.90. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.28.

Teekay (NYSE:TK) last released its quarterly earnings results on Thursday, February 22nd. The shipping company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to analyst estimates of $508.35 million. Teekay had a negative net margin of 8.05% and a negative return on equity of 3.36%. Teekay’s revenue for the quarter was down 40.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) earnings per share. equities analysts forecast that Teekay will post 0.31 earnings per share for the current year.

A number of research firms recently weighed in on TK. Zacks Investment Research raised shares of Teekay from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. ValuEngine lowered shares of Teekay from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Morgan Stanley raised their price target on shares of Teekay from $3.00 to $6.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Finally, Jefferies Group began coverage on shares of Teekay in a report on Monday, December 18th. They set a “hold” rating and a $8.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Teekay has a consensus rating of “Hold” and a consensus target price of $8.00.

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Teekay Company Profile

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.

Insider Buying and Selling by Quarter for Teekay (NYSE:TK)

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