|Bid||16.06 x 4000|
|Ask||16.55 x 800|
|Day's Range||15.32 - 17.39|
|52 Week Range||7.68 - 26.92|
|Beta (5Y Monthly)||0.28|
|PE Ratio (TTM)||13.41|
|Earnings Date||Jul. 30, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 02, 2018|
|1y Target Est||28.86|
Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from results projected by those forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the first quarter 2020 earnings release and earnings presentation available on our website.
NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Teekay Tankers Ltd. (NYSE:TNK) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 21, 2020 at 12:00 PM Eastern ...
Teekay Tankers (TNK) delivered earnings and revenue surprises of 19.93% and 0.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Highlights Reported GAAP net income of $106.8 million, or $3.17 per share, and adjusted net income(1) of $110.0 million, or $3.27 per share, in the first quarter of 2020.
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The current market situation seems favorable for corporates to take debt since the COVID-19 pandemic has forced the Federal Reserve to drag down interest rate to a near-zero level.
Teekay Tankers (TNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Teekay Corporation (Teekay) (TK) and Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) today announced the execution of a definitive agreement to eliminate all of the Partnership’s incentive distribution rights (IDRs) in exchange for 10.75 million newly-issued Teekay LNG common units (Transaction). The Transaction concurrently closed on May 11, 2020. “This important transaction creates greater alignment between our sponsor, Teekay, and the rest of our common unitholders, and we believe that it removes one of the primary uncertainties for investors in Teekay LNG,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd. “With approximately 98 percent and 94 percent of our LNG fleet operating on fixed-rate charters for 2020 and 2021, respectively, and having increased our quarterly common unit distributions by over 30 percent for two consecutive years, we are well-positioned to continue executing on our balanced capital allocation plan of near-term balance sheet delevering, while continuing to return capital to unitholders.”
HAMILTON, Bermuda, May 06, 2020 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).