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How to buy Teekay Corporation stock | $2.15

Own Teekay Corporation stock in just a few minutes.

Fact checked

Teekay Corporation is an oil & gas midstream business based in the US. Teekay Corporation shares (TK) are listed on the NYSE and all prices are listed in US Dollars. Teekay Corporation employs 5,500 staff and has a trailing 12-month revenue of around USD$2 billion.

How to buy shares in Teekay Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Teekay Corporation. Find the stock by name or ticker symbol: TK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Teekay Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$2.15, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Teekay Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Teekay Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Teekay Corporation share price

Use our graph to track the performance of TK stocks over time.

Teekay Corporation shares at a glance

Information last updated 2020-12-30.
Latest market closeUSD$2.15
52-week rangeUSD$1.7 - USD$5.3978
50-day moving average USD$2.4097
200-day moving average USD$2.3653
Wall St. target priceUSD$5
PE ratio N/A
Dividend yield USD$0.22 (5.16%)
Earnings per share (TTM) USD$-1.533

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Teekay Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Teekay Corporation price performance over time

Historical closes compared with the close of $2.15 from 2020-12-31

1 week (2021-01-13) N/A
1 month (2020-12-24) -10.79%
3 months (2020-10-20) N/A
6 months (2020-07-20) N/A
1 year (2020-01-20) N/A
2 years (2019-01-20) N/A
3 years (2018-01-20) N/A
5 years (2016-01-20) N/A

Is Teekay Corporation under- or over-valued?

Valuing Teekay Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Teekay Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Teekay Corporation's PEG ratio

Teekay Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.27. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Teekay Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Teekay Corporation's EBITDA

Teekay Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$824 million.

The EBITDA is a measure of a Teekay Corporation's overall financial performance and is widely used to measure a its profitability.

Teekay Corporation financials

Revenue TTM USD$2 billion
Operating margin TTM 29.46%
Gross profit TTM USD$758.5 million
Return on assets TTM 4.96%
Return on equity TTM 10.39%
Profit margin -2.58%
Book value $4.914
Market capitalisation USD$217.6 million

TTM: trailing 12 months

Shorting Teekay Corporation shares

There are currently 3.0 million Teekay Corporation shares held short by investors – that's known as Teekay Corporation's "short interest". This figure is 3.8% down from 3.2 million last month.

There are a few different ways that this level of interest in shorting Teekay Corporation shares can be evaluated.

Teekay Corporation's "short interest ratio" (SIR)

Teekay Corporation's "short interest ratio" (SIR) is the quantity of Teekay Corporation shares currently shorted divided by the average quantity of Teekay Corporation shares traded daily (recently around 738753.6407767). Teekay Corporation's SIR currently stands at 4.12. In other words for every 100,000 Teekay Corporation shares traded daily on the market, roughly 4120 shares are currently held short.

However Teekay Corporation's short interest can also be evaluated against the total number of Teekay Corporation shares, or, against the total number of tradable Teekay Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Teekay Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Teekay Corporation shares in existence, roughly 30 shares are currently held short) or 0.0556% of the tradable shares (for every 100,000 tradable Teekay Corporation shares, roughly 56 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Teekay Corporation.

Find out more about how you can short Teekay Corporation stock.

Teekay Corporation share dividends

We're not expecting Teekay Corporation to pay a dividend over the next 12 months.

Have Teekay Corporation's shares ever split?

Teekay Corporation's shares were split on a 2:1 basis on 18 May 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Teekay Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Teekay Corporation shares which in turn could have impacted Teekay Corporation's share price.

Teekay Corporation share price volatility

Over the last 12 months, Teekay Corporation's shares have ranged in value from as little as $1.7 up to $5.3978. A popular way to gauge a stock's volatility is its "beta".

TK.US volatility(beta: 1.61)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Teekay Corporation's is 1.6147. This would suggest that Teekay Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Teekay Corporation overview

Teekay Corporation provides oil and gas transportation services worldwide. It operates liquefied natural gas (LNG) carriers, floating production storage and offloading units, liquefied gas carriers, and conventional tankers. As of December 31, 2019, its fleet consisted of 154 vessels, which included chartered-in vessels. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Vancouver, Canada.

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