Teekay Corporation Ltd. logo

Teekay Corporation Ltd. (TK)

Market Open
12 Jun, 16:51
NYSE NYSE
$
12. 38
+0.49
+4.1667%
$
1.01B Market Cap
4.73 P/E Ratio
- Div Yield
151,249 Volume
0 Eps
$ 11.88
Previous Close
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Day Range
11.79 12.44
Year Range
7.12 14.38
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Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend

Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend

Global transport stocks have outperformed the S&P 500, with the US Global Sea to Sky Cargo ETF up 36% YoY. Teekay Tankers leads the performance with its strong balance sheet, EPS growth, debt-free status, and a recent special dividend. While EPS may top out here, TNK sports strong free cash flow, solid valuation multiples, and technical chart support suggesting continued upside.

Seekingalpha | 1 year ago