Teekay

Teekay Corp. provides international crude oil and other marine transportation services. Its lines of business include offshore production (FPSO units) and conventional tankers. The firm operates through the following segments: Teekay Parent and Teekay Tankers. The Teekay Parent owns floating production, storage, and offloading (FPSO) units and a minority investment in Tanker Investments Ltd. The Teekay Tankers segment offers conventional crude oil tankers and product carriers. The company was founded by Jens Torben Karlshoej in 1973 and is headquartered in Hamilton, Bermuda.

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Teekay Corp. Ltd. provides international crude oil and other marine transportation services. Its lines of business include offshore production (FPSO units) and conventional tankers. The firm operates through the following segments: Teekay Parent and Teekay Tankers. The Teekay Parent owns floating production, storage, and offloading (FPSO) units and a minority investment in Tanker Investments Ltd. The Teekay Tankers segment offers conventional crude oil tankers and product carriers. The company was founded by Jens Torben Karlshoej in 1973 and is headquartered in Hamilton, Bermuda.

Teekay Corporation's net margin is at a record high since 2014 and its EV/EBITDA is 96% below its 2015 level, indicating strong financials and an attractive valuation for investors. The firm has been deleveraging since 2016, with net debt turning negative two quarters ago. Sales have been rising since FY2021, further strengthening its financial position. Teekay's low valuation multiples, plans for additional share buybacks, and the uptrend in its share price make it an attractive investment opportunity, especially as global fleet supply remains low.

Teekay Corporation: Record Margins, Depressed Valuations, And Price Momentum

HAMILTON, Bermuda, June 09, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has repurchased 4.40 million common shares for a total of $25.0 million under its previously-announced $30 million share repurchase program, which equates to an average price of $5.67 per share. Since August 2022, Teekay has repurchased a total of 10.87 million common shares, or 10.7% of the outstanding common shares immediately prior to commencement of the initial share repurchase plan announced in August 2022, for a total cost of $55.0 million, representing an average repurchase price of $5.06 per share.

Teekay Corporation Announces Update on $30 Million Share Repurchase Program and Announces New Share Repurchase Program

Teekay Corporation shares have rallied after subsidiary and main asset Teekay Tankers Ltd. reported record first quarter results and announced an aggregate of $1.25 in dividends per share payable next month. Over the next four quarters, Teekay Corporation should receive at least $20 million in dividend payments from Teekay Tankers.

Teekay Corporation: Tankers Dividend Should Fuel Additional Share Buybacks, Buy

HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three months ended March 31, 2023.

Teekay Corporation Reports First Quarter 2023 Results

HAMILTON, Bermuda, April 11, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2022 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.

Teekay Group Publishes 2022 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2022

Teekay Corporation's shares rally to new multi-year highs after the company accelerated share buybacks over a couple of weeks. In recent months, the company has repurchased 6.3% of its outstanding common stock at an average price of $4.64 per share for a total of $30 million.

Teekay Corp.: Aggressive Share Buybacks Are Fueling Speculation About A Teekay Tankers Dividend

Teekay has authorized up to $30 million in share repurchases. The company announced the conclusion of a previous $30 million stock buyback program.

Why Shares of Teekay Corporation Are Soaring Today

HAMILTON, Bermuda, March 22, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has completed its previously-announced $30 million share repurchase program. Under the program, the Company has repurchased 6.45 million common shares, or approximately 6.3% of the outstanding common shares immediately prior to commencement of the program in August 2022, for a total of $30 million, which equates to an average price of $4.64 per share.

Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program

HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the three and twelve months ended December 31, 2022.

Teekay Corporation Reports Fourth Quarter and Annual 2022 Results

HAMILTON, Bermuda, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the fourth quarter and annual 2022 before market open on Thursday, February 23, 2023.

Teekay Group to Announce Fourth Quarter and Annual 2022 Earnings Results on February 23, 2023

Global shipping companies continue to benefit from international LNG demand despite growing recession jitters. Earnings are seen as climbing in the near term for Teekay while its chart is even more bullish.

Teekay: Shares Consolidate Near Multi-Year Highs, Valuation Still Looks Good

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HAMILTON, Bermuda, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended September 30, 2022.

Teekay Corporation Reports Third Quarter 2022 Results

HAMILTON, Bermuda, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced Vince Lok's retirement as Teekay's Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the Company, including the past 16 years as Teekay's Group CFO.

Teekay Announces Senior Management Change

HAMILTON, Bermuda, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2022 before market open on Thursday, November 3, 2022.

Teekay Group to Announce Third Quarter 2022 Earnings Results on November 3, 2022

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Updating investors on a number of recent, positive developments. Value of the company's stake in Teekay Tankers has more than doubled in recent months as Russia's assault on Ukraine has reshaped tanker markets.

Teekay Corp. - Buy On Excessive Discount To NAV Despite Vastly Improved Outlook

HAMILTON, Bermuda, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $30 million of the Company's outstanding common shares. Under the program, repurchases can be made from time to time in the open market, through privately-negotiated transactions and by any other means permitted under the rules of the U.S. Securities and Exchange Commission, in each case at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased under the program will be subject to the discretion of the Company and upon market conditions and other factors. The Company intends to make all open market repurchases under the plan in accordance with Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended.

Teekay Corporation Announces New Share Repurchase Program

HAMILTON, Bermuda, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended June 30, 2022.

Teekay Corporation Reports Second Quarter 2022 Results

HAMILTON, Bermuda, July 28, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the second quarter of 2022 before market open on Thursday, August 4, 2022.

Teekay Group to Announce Second Quarter 2022 Earnings Results on August 4, 2022

HAMILTON, Bermuda, May 12, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the quarter ended March 31, 2022.

Teekay Corporation Reports First Quarter 2022 Results

HAMILTON, Bermuda, April 06, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2021 Sustainability Report, which can be accessed on the Teekay Group's website by clicking here.

Teekay Group Publishes 2021 Sustainability Report; and Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2021

Teekay Tankers

Teekay Tankers Ltd. (TNK) CEO Kevin Mackay on Q4 2021 Results - Earnings Call Transcript

Teekay Corporation (TK) CEO Kenneth Hvid on Q4 2021 Results - Earnings Call Transcript

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) today reported results for the fourth quarter and year ended December 31, 2021.

News for Teekay Stock (TK)