Teekay Co. (NYSE:TK) – Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Teekay in a note issued to investors on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings per share of ($1.16) for the year. Jefferies Group has a “Hold” rating and a $8.00 price objective on the stock. Jefferies Group also issued estimates for Teekay’s Q4 2017 earnings at $0.15 EPS and FY2018 earnings at $0.81 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Teekay from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine cut shares of Teekay from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.00.

Teekay (NYSE:TK) opened at $9.07 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.28. Teekay has a 52 week low of $5.14 and a 52 week high of $11.77.

Teekay (NYSE:TK) last released its earnings results on Thursday, November 9th. The shipping company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.03. The firm had revenue of $500.80 million for the quarter, compared to analysts’ expectations of $475.32 million. Teekay had a negative net margin of 6.66% and a negative return on equity of 3.48%. Teekay’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS.

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in shares of Teekay by 404.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 566,352 shares of the shipping company’s stock valued at $3,778,000 after purchasing an additional 454,087 shares in the last quarter. Dalton Investments LLC bought a new position in shares of Teekay during the 3rd quarter valued at about $2,030,000. FMR LLC boosted its position in shares of Teekay by 1.6% during the 2nd quarter. FMR LLC now owns 8,606,199 shares of the shipping company’s stock valued at $57,403,000 after purchasing an additional 131,584 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Teekay during the 2nd quarter valued at about $865,000. Finally, Cedar Capital LLC boosted its position in shares of Teekay by 40.0% during the 2nd quarter. Cedar Capital LLC now owns 451,609 shares of the shipping company’s stock valued at $3,012,000 after purchasing an additional 128,993 shares in the last quarter. 27.73% of the stock is currently owned by hedge funds and other institutional investors.

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Teekay Company Profile

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector.

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