Check Out Teekay Corporation (TK)’s Trade Data Rather Than the Analysts’ Views

Teekay Corporation (NYSE: TK) stock fell -1.29% on Tuesday to $4.58 against a previous-day closing price of $4.64. With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $4.6550 whereas the lowest price it dropped to was $4.4700. The 52-week range on TK shows that it touched its highest point at $4.80 and its lowest point at $2.54 during that stretch. Beta for the stock currently stands at 0.83.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TK was down-trending over the past week, with a drop of -2.55%, but this was down by -0.43% over a month. Three-month performance surged to 18.96% while six-month performance rose 50.66%. The stock gained 43.57% in the past year, while it has gained 0.88% so far this year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.90%.


Float and Shares Shorts:

At present, 102.61 million TK shares are outstanding with a float of 67.00 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.11 million, which was 1.09% higher than short shares on Sep 14, 2022. In addition to Mr. Kenneth Hvid as the firm’s Pres, CEO & Director, Mr. Vincent Lok serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 29.94% of TK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 17.30% of TK, in contrast to 14.54% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TK with 9.93% of the stake, Cobas Asset Management SGIIC SA holds 10,116,858 shares worth 10,116,858. A second-largest stockholder of TK, BlackRock Fund Advisors, holds 3,363,274 shares, controlling over 3.30% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in TK, holding 2,040,875 shares or 2.00% stake. With a 3.55% stake in TK, the Cobas Seleccion, FI is the largest stakeholder. A total of 3,620,369 shares are owned by the mutual fund manager. The Cobas Internacional, FI, which owns about 2.86% of TK stock, is the second-largest Mutual Fund holder. It holds 2,910,396 shares valued at 13.21 million. iShares Russell 2000 ETF holds 1.59% of the stake in TK, owning 1,615,003 shares worth 7.33 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TK since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TK analysts setting a high price target of $3.50 and a low target of $3.50, the average target price over the next 12 months is $3.50. Based on these targets, TK could drop -23.58% to reach the target high and fall by -23.58% to reach the target low. Reaching the average price target will result in a decline of -23.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TK will report FY 2019 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.25 being low. For TK, this leads to a yearly average estimate of -$0.25. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.09.

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