Teekay (TK) Earns Media Sentiment Score of 0.29

News coverage about Teekay (NYSE:TK) has been trending positive this week, Alpha One reports. The research group, a subsidiary of Accern, rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teekay earned a media sentiment score of 0.29 on Alpha One’s scale. Alpha One also assigned headlines about the shipping company an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Alpha One’s analysis:

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Teekay from a “hold” rating to a “strong sell” rating in a research note on Friday, February 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $8.50 price target on shares of Teekay in a research note on Monday, March 27th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Teekay in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.19.

Shares of Teekay (NYSE:TK) traded down 1.033% during trading on Thursday, reaching $6.225. 2,081,482 shares of the company’s stock were exchanged. Teekay has a 52-week low of $5.45 and a 52-week high of $11.77. The company has a 50 day moving average price of $8.21 and a 200-day moving average price of $8.74. The company’s market capitalization is $536.49 million.

Teekay (NYSE:TK) last posted its quarterly earnings data on Thursday, May 18th. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.24. Teekay had a positive return on equity of 0.13% and a negative net margin of 3.32%. The company had revenue of $543.50 million for the quarter, compared to the consensus estimate of $497.83 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, equities analysts forecast that Teekay will post ($0.60) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 17th. Stockholders of record on Friday, May 5th were issued a dividend of $0.055 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $0.22 annualized dividend and a dividend yield of 3.50%. Teekay’s payout ratio is -18.03%.

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About Teekay

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.

12 Month Chart for NYSE:TK

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