After hours: 4:31PM EDT
|Bid||1.1200 x 1100|
|Ask||1.1600 x 2900|
|Day's Range||1.0800 - 1.1600|
|52 Week Range||0.8700 - 1.4200|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2019 - Nov 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.88|
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.
Teekay Tankers (TNK) delivered earnings and revenue surprises of 37.50% and 4.49%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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 Reported GAAP net loss of $14.3 million, or $0.05 per share, and adjusted net loss(1) of $12.1 million, or $0.05 per share, in the second quarter of 2019 (excluding.
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.
Teekay Corporation (Teekay) (TK) presented at its 2019 Annual General Meeting on Monday, June 10, 2019, which included details on its two publicly-traded Daughter entities, Teekay LNG Partners L.P. (Teekay LNG) (TGP) and Teekay Tankers Ltd. (Teekay Tankers) (TNK). It is my pleasure to report to you at this Annual General Meeting as Teekay’s President and Chief Executive Officer. Over the past three years, we have completed several important initiatives with the objective of de-risking, delevering and preserving value and optionality during what was a very challenging time for the energy and capital markets, while also executing on a very large gas project orderbook that is delivering on-time or early and on-budget. With the recent successful refinancing of Teekay’s 2020 bond, the near completion of all our LNG growth projects, and the anticipated improvement in tanker shipping market fundamentals, we believe Teekay has reached a positive turning point and the Teekay Group is in the best position it has been in for quite a few years.
Investors are always looking for growth in small-cap stocks like Teekay Tankers Ltd. (NYSE:TNK), with a market cap of...
Effective May 29, 2019, Mr. Sai W. Chu will be joining the Board to fill the vacancy created by the resignation of Mr. Richard Paterson. Mr. Richard Paterson, an independent director of Teekay Tankers, has stepped down from the Board to accept an invitation to join the board of Teekay GP L.L.C, the general partner of Teekay LNG Partners L.P. Mr. Chu, who is an independent director, will also serve as the Chair of the Company’s Audit Committee and as a member of the Board’s Conflicts Committee and Governance Committee. “Sai brings a wealth of financial and shipping expertise to Teekay Tankers,” commented Arthur Bensler, Chair of the Board. “We are very pleased that he has agreed to join our Board, and we look forward to his contribution as we continue to execute on our strategy in the years to come.” Mr. Bensler continued, “Richard has made an invaluable contribution during his tenure.
Teekay Corporation (Teekay or the Company) (TK) announced today the expiration and final tender results of its previously announced cash tender offer to purchase any and all of its outstanding $497.7 million in aggregate principal amount of 8.5% senior notes due 2020 (the 2020 Notes and such tender offer, the Offer). The Offer expired at 11:59 p.m., New York City time, on May 21, 2019 (the Expiration Time). The Company previously accepted for purchase approximately $458.0 million in aggregate principal amount of 2020 Notes that were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on May 7, 2019 (the Early Tender and Consent Date), for cash consideration of $1,032.50 per $1,000 in principal amount of 2020 Notes, plus accrued and unpaid interest, and paid for such 2020 Notes on May 13, 2019.
On May 23, Teekay Corporation (NYSE: TK), the parent holding company, reported a net loss of $84.3 million in the first quarter of 2019, compared to a loss of $20.6 million in the same period the year before. Teekay Tankers (NYSE: TNK) posted net income of $12.4 million in the latest quarter, compared to a loss of $19.2 million in the first quarter of 2018. Teekay LNG (NYSE: TGP) reported net income in the most recent period of $21.6 million, up from a loss of $6.9 million in the first quarter of 2018.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Teekay Tankers Ltd. (NYSE: TNK ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 23, 2019 at 1:00 PM Eastern ...
Teekay Corporation (Teekay or the Company) (TK) has entered into an agreement with a subsidiary of Canadian Natural Resources Ltd. (CNR) to extend the employment of the Petrojarl Banff FPSO unit (Petrojarl Banff) on the Banff field in the North Sea for a period of one year to the end of August 2020 at substantially similar terms to the current contract, which includes an upside component linked to oil prices and oil/gas production. “We are pleased to announce this important FPSO contract extension for the Petrojarl Banff, which extends the production of the fields in the North Sea, and we are committed to work together with CNR to maximize production in the future,” commented Kenneth Hvid, Teekay’s President and Chief Executive Officer.
Teekay Tankers (TNK) delivered earnings and revenue surprises of 0.00% and -6.94%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Hamilton, Bermuda-based company said it had net income of 5 cents per share. The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was ...
Highlights GAAP net loss attributable to shareholders of Teekay of $84.3 million, or $0.84 per share, and adjusted net loss attributable to shareholders of Teekay(1) of $13.0.
Highlights Reported GAAP net income of $12.4 million, or $0.05 per share, and adjusted net income(1) of $14.6 million, or $0.05 per share, in the first quarter of 2019.
Teekay Tankers (TNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.