Teekay Corporation (NYSE:TK) Plans Quarterly Dividend of $0.06

According to Zacks, analysts expect that Teekay Corporation will report full-year sales of $504.07 million for the current financial year, with estimates ranging from $2.02 billion to $2.07 billion. (NYSE:TOO) last issued its earnings results on Thursday, August 3rd.

Hi-Crush Partners LP (HCLP) surprised the stock market in its last reported earnings when it earned $0.18 a piece versus the consensus-estimated $0.15. The company had revenue of $513.90 million during the quarter, compared to analysts' expectations of $503.65 million.

Teekay Offshore Partners L.P. had a net margin of 7.70% and a return on equity of 2.40%. The company's revenue for the quarter was down 15.2% on a year-over-year basis. The dividend payment will be $0.055 per share for the quarter which is $0.22 annualized.

TK has been the topic of several research reports. Royal Bank Of Canada reissued a "hold" rating on shares of Teekay Corporation in a report on Tuesday, May 9th. BidaskClub lowered Teekay Corporation from a "hold" rating to a "sell" rating in a research note on Wednesday. Raymond James Financial, Inc. reaffirmed a "market perform" rating on shares of Teekay Offshore Partners L.P.in a research note on Friday, July 28th. UBS AG cut shares of Teekay Offshore Partners L.P. from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 27th.

11/10/2015 - Teekay Corporation had its "buy" rating reiterated by analysts at BTIG Research. The stock has "Hold" rating by Jefferies on Monday, June 26.

Teekay Offshore Partners L.P. (NYSE:TOO) closed up +0.07 points or 2.73% at $2.63 with 2.44 mln shares exchanging hands. Teekay Corporation has a one year low of $5.14 and a one year high of $11.77. The firm's market cap is $393.76 million.

In taking a look at technical levels, shares are trading 9.83% away from the 50 day simple moving average and 10.36% away from the 200 day simple moving average.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Monday, August 7th will be given a dividend of $0.01 per share. The dividend yield will be $2.32. The ex-dividend date of this dividend is Wednesday, August 2nd. Teekay Offshore Partners L.P.'s dividend payout ratio is now 8.16%.

Several institutional investors have recently modified their holdings of TK. Brookfield Asset Management Inc. acquired a new position in shares of Teekay Offshore Partners L.P. during the first quarter valued at $238,000. Geneva Advisors LLC now owns 11,057 shares of the shipping company's stock worth $101,000 after buying an additional 1,057 shares in the last quarter.

Teekay LNG Partners L.P.is an worldwide provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay Offshore Partners LP (NYSE:TOO)'s price to free cash flow for trailing twelve months is 0. Schwab Charles Investment Management Inc. now owns 663,869 shares of the shipping company's stock worth $6,075,000 after buying an additional 128,902 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new position in shares of Teekay Corporation during the first quarter worth about $141,000. Dimensional Fund Advisors LP now owns 614,567 shares of the shipping company's stock worth $5,624,000 after buying an additional 12,881 shares in the last quarter. Creative Planning now owns 36,188 shares of the shipping company's stock valued at $104,000 after buying an additional 6,215 shares in the last quarter.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates.

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Teekay Corporation is a provider of crude gas and oil marine transportation services. Its vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation.

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