Are Analysts Bearish Teekay Corporation (NYSE:TK) After Last Week? – Thorold News

Among 2 analysts covering Teekay (NYSE:TK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Teekay had 2 analyst reports since August 20, 2018 according to SRatingsIntel. Below is a list of Teekay Corporation (NYSE:TK) latest ratings and price target changes.

22/10/2018 Broker: Bank of America Rating: Buy New Target: $8 Initiates Coverage On20/08/2018 Broker: Jefferies Rating: Hold Old Target: $8 Terminates

The stock decreased 9.46% or $0.37 during the last trading session, reaching $3.54. About 1.06M shares traded or 21.84% up from the average. Teekay Corporation (NYSE:TK) has declined 52.38% since December 21, 2017 and is downtrending. It has underperformed by 52.38% the S&P500.

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. The company has market cap of $355.54 million. It operates shuttle tankers, floating storage and offloading units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects. It currently has negative earnings. The firm also operates floating production, storage, and offloading (FPSO) units, as well as other vessels used to service its FPSO contracts; liquefied natural gas (LNG) and liquefied petroleum gas carriers; and conventional crude oil and product tankers.

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