Teekay (NYSE:TK) Releases Earnings Results

Teekay (NYSE:TK) announced its earnings results on Wednesday. The shipping company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Teekay had a net margin of 11.05% and a return on equity of 6.56%.

Teekay Price Performance

Shares of TK traded down $0.05 during mid-day trading on Wednesday, reaching $6.98. 499,405 shares of the company’s stock were exchanged, compared to its average volume of 657,746. The stock has a market capitalization of $640.58 million, a PE ratio of 4.65 and a beta of 0.51. The business’s fifty day simple moving average is $6.97 and its 200-day simple moving average is $7.73. Teekay has a 52-week low of $5.98 and a 52-week high of $9.95.

Teekay Company Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.