Teekay traded at $10.31 this Monday February 2nd, increasing $0.08 or 0.78 percent since the previous trading session. Looking back, over the last four weeks, Teekay gained 17.96 percent. Over the last 12 months, its price rose by 45.01 percent. Looking ahead, we forecast Teekay to be priced at 9.77 by the end of this quarter and at 8.51 in one year, according to Trading Economics global macro models projections and analysts expectations.
Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector. It is also involved in the conventional tanker business. Teekay provides a set of marine services to the oil and gas companies. The Company has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.