For the readers interested in the stock health of Teekay Corporation (TK). It is currently valued at $3.42. When the transactions were called off in the previous session, Stock hit the highs of $3.43, after setting-off with the price of $3.28. Company’s stock value dipped to $3.27 during the trading on the day. When the trading was stopped its value was $3.42.Recently in News on November 10, 2021, Teekay LNG Partners Completes Norwegian Bond Offering. Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it has priced NOK 1,000 million in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 116 million and all payments will be swapped into a U.S. dollar fixed-rate coupon of approximately 6.37%. Teekay LNG expects to close the bond offering on November 18, 2021, subject to customary closing conditions. The net proceeds from the bonds are expected to be used for general partnership purposes. Teekay LNG will apply for listing of the new bonds on the Oslo Stock Exchange. You can read further details here
Teekay Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.17 on 06/25/21, with the lowest value was $2.21 for the same time period, recorded on 01/04/21.
Teekay Corporation (TK) full year performance was 34.65%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Teekay Corporation shares are logging -17.99% during the 52-week period from high price, and 62.86% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.10 and $4.17.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 841769 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Teekay Corporation (TK) recorded performance in the market was 59.07%, having the revenues showcasing 16.72% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 353.46M, as it employees total of 4710 workers.
The Analysts eye on Teekay Corporation (TK)
During the last month, 0 analysts gave the Teekay Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.31, with a change in the price was noted -0.07. In a similar fashion, Teekay Corporation posted a movement of -2.01% for the period of last 100 days, recording 695,969 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TK is recording 7.08 at the time of this writing. In addition, long term Debt to Equity ratio is set at 6.10.
Technical rundown of Teekay Corporation (TK)
Raw Stochastic average of Teekay Corporation in the period of last 50 days is set at 36.56%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.27%. In the last 20 days, the company’s Stochastic %K was 17.98% and its Stochastic %D was recorded 12.75%.
Considering, the past performance of Teekay Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 59.07%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -2.84%, alongside a boost of 34.65% for the period of the last 12 months. The shares increased approximately by -2.29% in the 7-day charts and went up by -5.52% in the period of the last 30 days. Common stock shares were driven by 16.72% during last recorded quarter.