|Bid||15.50 x 900|
|Ask||15.52 x 900|
|Day's Range||15.30 - 15.63|
|52 Week Range||10.74 - 16.74|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||18.70|
|Earnings Date||Feb 19, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||0.76 (4.64%)|
|1y Target Est||18.17|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Teekay Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Bahrain's first liquefied natural gas (LNG) regasification terminal is now expected to start operations by year-end, Teekay LNG Partners said in its quarterly financial results, later than initially expected. The start-up of the terminal had been delayed at least twice, with the last start-up date said to be in the third quarter of the year. Teekay has a 30% share in the Bahrain LNG joint venture, which owns the LNG receiving and regasification terminal under construction in Bahrain.
Highlights GAAP net income attributable to the partners and preferred unitholders of $47.4 million and GAAP net income per common unit of $0.51.Adjusted net income(1).
Highlights GAAP net loss attributable to shareholders of Teekay of $198.2 million, or $1.97 per share (inclusive of $175.8 million of impairment charges), and adjusted net loss.
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HAMILTON, Bermuda, Oct. 24, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK).
"Crude-tanker rates at historic levels!" blared the recent headlines. Lost in the media storm: Spot rates for liquefied natural gas (LNG) carriers are now higher – much higher – than for crude ...
HAMILTON, Bermuda, Oct. 21, 2019 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution.
Teekay Corporation (Teekay or the Company) (TK) announced that it has entered into an agreement with the Chestnut Joint Venture, a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd., to extend the employment of the Hummingbird Spirit FPSO unit (Hummingbird) on the Chestnut field in the North Sea until March 2023. This contract extension was done in conjunction with the Chestnut Joint Venture’s plan to drill a new well at the Chestnut field.
The big day for ocean shipping's Teekay Group was set for Wednesday, October 2, at the Grand Hyatt in midtown Manhattan, steps away from Grand Central Terminal. Teekay executives rebooked their plane tickets and headed to China instead. The Teekay Group, through no fault of its own, had just been caught in the crossfire of an escalating triangle of tension between the U.S., Iran and China.
Shares of liquefied natural gas marine transportation company Teekay LNG are down nearly 10% after the company disclosed that its liquefied natural gas tanked joint venture has been blocked by U.S. sanctions against two units of a Chinese partner. The Bermuda-based company is partnered with China's COSCO Shipping Tanker, which is one of the companies that is alleged to have carried Iranian oil after sanctions waivers ended in May. "The Teekay Group has not traded and will not trade with Iran and will not act in contravention of any trading sanctions," the company said in the statement.
U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia had been "blocked" because of its ties to COSCO. The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co for allegedly carrying Iranian crude oil.
HAMILTON, Bermuda, Sept. 30, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers).
HAMILTON, Bermuda, Sept. 19, 2019 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions.
HAMILTON, Bermuda, Sept. 19, 2019 -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers).
There seem to be more caveats, at least between the lines, on the crude oil tanker front as well. Third-quarter crude-tanker rate disclosures and commentary from executives of Teekay Tankers (NYSE: TNK) on August 1 echoed what was said the previous day on the product-tanker side by Scorpio Tankers (NYSE: STNG) and Ardmore Shipping (NYSE: ASC) – i.e., the IMO 2020 rule that caps fuel sulfur content at 0.5 percent starting January 1, 2020 is not yet affecting tanker rates. During a conference call with analysts, Teekay Tankers chief executive officer Kevin Mackay said that the timing of the switchover, whether to marine gas oil (MGO) or new blended products known as very low sulfur fuel oil (VLSFO), hinged on the vessel type.
Highlights GAAP net loss attributable to shareholders of Teekay of $39.5 million, or $0.39 per share, and adjusted net loss attributable to shareholders of Teekay(1) of $13.4.
Highlights GAAP net income attributable to the partners and preferred unitholders of $16.4 million and GAAP net income per common unit of $0.12.Adjusted net income(1).