Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Teekay Corp before investing.

In this article, we go over a few key elements for understanding Teekay Corp’s stock price such as:

• Teekay Corp’s current stock price and volume
• Why Teekay Corp’s stock price changed recently
• Upgrades and downgrades for TK from analysts
• TK’s stock price momentum as measured by its relative strength

About Teekay Corp (TK)

Before we jump into Teekay Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Teekay Corporation (Teekay) is a provider of international crude oil and other marine transportation services. The Company provides these services directly and through its controlling ownership interest in Teekay Tankers Ltd. (Teekay Tankers), which is the owner and operator of mid-sized crude tankers. The consolidated Teekay entities manage and operate approximately 65 conventional tankers and other marine assets. It has two primary lines of business: conventional tankers and operational and maintenance marine services. The primary business of Teekay Tankers is to own and operate crude oil and refined product tankers. Its services include commercial management, fuel services and lightering & ship-to-ship services. It also provides a set of marine services for the energy companies and the Australian government. Its customers include energy and utility companies, oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities.

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Teekay Corp’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, Teekay Corp’s stock price was $8.29.

Teekay Corp is up 4.94% from its previous closing price of $7.90.

During the last market session, Teekay Corp’s stock traded between $7.83 and $8.08. Currently, there are 93.12 million shares of Teekay Corp stock available for purchase.

Teekay Corp’s price-earnings (P/E) ratio is currently at 5.0, which is low compared to the Oil & Gas - Transportation Services industry median of 13.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Teekay Corp Stock Price History

Teekay Corp’s (TK) price is currently down 0.24% so far this month.

During the month of September, Teekay Corp’s stock price has reached a high of $8.40 and a low of $7.83.

Over the last year, Teekay Corp has hit prices as high as $9.95 and as low as $5.70. Year to date, Teekay Corp’s stock is up 82.6%.

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What Caused Teekay Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were analysts who downgraded Teekay Corp’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Teekay Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Teekay Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Teekay Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Teekay Corp (TK) by visiting AAII Stock Evaluator.

Relative Price Strength of Teekay Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, Teekay Corp has a weighted four-quarter relative price strength of -0.33%, which translates to a Momentum Score of 61 and is considered to be Strong.

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Teekay Corp Stock Price: Bottom Line

As of September 9, 2024, Teekay Corp’s stock price is $8.29, which is up 4.94% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Teekay Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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