It is Poised to be a Bull Market for Teekay Corporation Ltd (TK)

With 1.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.79 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $8.05 whereas the lowest price it dropped to was $7.775. The 52-week range on TK shows that it touched its highest point at $9.95 and its lowest point at $6.41 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 1733270400. Beta for the stock currently stands at 0.53.

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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 -1.62%, but this was up by 0.25% over a month. Three-month performance dropped to -2.11% while six-month performance fell -17.10%. The stock gained 10.64% in the past year, while it has gained 10.49% so far this year.

Float and Shares Shorts:

At present, 91.01 million TK shares are outstanding with a float of 58.63 million shares on hand for trading. On 2024-10-31, short shares totaled 0.57 million, which was 66.000004 higher than short shares on 1727654400. 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 0.51036 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 2024-09-30, TK reported revenue of $272619000.0 and operating income of $57824000.0. The EBITDA in the recently reported quarter was $92484000.0 and diluted EPS was $nan.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

Analysts have provided yearly estimates in a range of $1 being high and $1 being low. For TK, this leads to a yearly average estimate of $1.