Teekay Stock Today
| TK Stock | USD 7.22 0.04 0.55% |
Performance0 of 100
| Odds Of DistressLess than 1
|
Teekay is selling for 7.22 as of the 23rd of April 2024. This is a -0.55 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 7.17. Teekay has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Teekay are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda. Teekay Shipping operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. The company has 91.3 M outstanding shares of which 429 K shares are at this time sold short in the market by investors with about 0.77 days to cover all shorted shares. More on Teekay
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Follow Valuation Odds of Bankruptcy
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Teekay Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Teekay's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Teekay or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Peter Evensen |
| Thematic Idea | Transportation (View all Themes) |
| Old Name | Tinka Resources Ltd. |
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, Stock Exchange Of, Dow Jones Oil, SET Total Return, Transportation, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors) |
| Financial Strength Based on the key measurements obtained from Teekay's financial statements, Teekay is not in a good financial situation at this time. It has a very high risk of going through financial distress in May. Financial strength of Teekay is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Teekay (TK) is traded on New York Stock Exchange in USA. It is located in Belvedere Building, Hamilton, Bermuda, HM 08 and employs 2,300 people. Teekay is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 662.84 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Teekay's market, we take the total number of its shares issued and multiply it by Teekay's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Teekay is active under Oil, Gas & Consumable Fuels sector as part of Energy industry. The entity has 91.3 M outstanding shares of which 429 K shares are at this time sold short in the market by investors with about 0.77 days to cover all shorted shares.
Teekay reports about 309.86 M in cash with 629.92 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.28.
Check Teekay Probability Of Bankruptcy
Ownership AllocationTeekay maintains a total of 91.3 Million outstanding shares. Over half of Teekay's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Teekay. Please watch out for any change in the institutional holdings of Teekay as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Teekay Ownership Details
Teekay Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Teekay jumping above the current price in 90 days from now is about 79.02%. The Teekay probability density function shows the probability of Teekay stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Teekay has a beta of 0.184. This usually implies as returns on the market go up, Teekay average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Teekay will be expected to be much smaller as well. Additionally, teekay has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Teekay to move above the current price in 90 days from now is about 79.02 (This Teekay probability density function shows the probability of Teekay Stock to fall within a particular range of prices over 90 days) .
Teekay Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Teekay market risk premium is the additional return an investor will receive from holding Teekay long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Teekay. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Teekay's alpha and beta are two of the key measurements used to evaluate Teekay's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.35) |
Teekay Stock Against Markets
Picking the right benchmark for Teekay stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Teekay stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Teekay is critical whether you are bullish or bearish towards Teekay at a given time. Please also check how Teekay's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Teekay without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Teekay Corporate Directors
Teekay corporate directors refer to members of a Teekay board of directors. The board of directors generally takes responsibility for the Teekay's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Teekay's board members must vote for the resolution. The Teekay board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Peter Janson | Independent Director | Profile | |
| Peter Antturi | Independent Director | Profile | |
| Eileen Mercier | Independent Director | Profile | |
| Alan Semple | Independent Director | Profile |
How to buy Teekay Stock?
Before investing in Teekay, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Teekay. To buy Teekay stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Teekay. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Teekay stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Teekay stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Teekay stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Teekay, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Teekay Stock please use our How to Invest in Teekay guide.
Already Invested in Teekay?
The danger of trading Teekay is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Teekay is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Teekay. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Teekay is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Teekay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Teekay's price analysis, check to measure Teekay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teekay is operating at the current time. Most of Teekay's value examination focuses on studying past and present price action to predict the probability of Teekay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay's price. Additionally, you may evaluate how the addition of Teekay to your portfolios can decrease your overall portfolio volatility.
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Is Teekay's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Teekay is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay's value that differs from its market value or its book value, called intrinsic value, which is Teekay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay's market value can be influenced by many factors that don't directly affect Teekay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.