Top investors say Teekay Corp (TK) ticks everything they need

With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.66 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $8.93 whereas the lowest price it dropped to was $8.665. The 52-week range on TK shows that it touched its highest point at $9.27 and its lowest point at $5.45 during that stretch. It currently has a 1-year price target of $3.50. TK paid its most recent dividend on 1548892800, while the ex-dividend date for that was 1716163200. Beta for the stock currently stands at 0.56.

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 up-trending over the past week, with a rise of 10.30%, but this was up by 22.62% over a month. Three-month performance surged to 8.41% while six-month performance rose 24.68%. The stock gained 50.68% in the past year, while it has gained 24.34% so far this year.

Float and Shares Shorts:

At present, 91.01 million TK shares are outstanding with a float of 58.15 million shares on hand for trading. On 2024-04-30, short shares totaled 0.47 million, which was 50.99999699999999 higher than short shares on 1711584000. In addition to Mr. Kenneth Hvid as the firm’s President, CEO & Director, Mr. Brody Speers serves as its VP of Finance & Treasurer.

Institutional Ownership:

Through their ownership of 0.54377997 of TK’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, TK reported revenue of $365050000.0 and operating income of $128877000.0. The EBITDA in the recently reported quarter was $161530000.0 and diluted EPS was $0.57.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.