Teekay (NYSE:TK) Sets New 1-Year High – Here’s Why

Posted by George Bondi on Oct 7th, 2026

Teekay Corporation Ltd. (NYSE:TK – Get Free Report)’s share price reached a new 52-week high during trading on Monday. The company traded as high as $15.25 and last traded at $14.88, with a volume of 22234 shares changing hands. The stock had previously closed at $14.84.

Analysts Set New Price Targets

Several brokerages have issued reports on TK. Weiss Ratings raised Teekay from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Wall Street Zen raised shares of Teekay from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Teekay presently has a consensus rating of “Buy”.

Get Our Latest Report on TK

Teekay Trading Down 1.9%

The company’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $12.46. The firm has a market cap of $1.27 billion, a PE ratio of 7.06 and a beta of 0.33.

Teekay (NYSE:TK – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The shipping company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.11 by $0.68. Teekay had a return on equity of 7.91% and a net margin of 15.78%.During the same period last year, the business posted $0.22 earnings per share.

Insider Buying and Selling

In other news, CFO Brody Speers sold 2,350 shares of Teekay stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $13.10, for a total transaction of $30,785.00. Following the transaction, the chief financial officer directly owned 1,014 shares of the company’s stock, valued at $13,283.40. The trade was a 69.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi Simon sold 11,585 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $14.08, for a total value of $163,116.80. Following the transaction, the director owned 46,001 shares of the company’s stock, valued at approximately $647,694.08. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 190,257 shares of company stock worth $2,593,468. Corporate insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Teekay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in Teekay by 8.9% in the 1st quarter. Diversified Trust Co now owns 28,128 shares of the shipping company’s stock worth $343,000 after buying an additional 2,306 shares during the period. Savant Capital LLC raised its holdings in Teekay by 22.2% during the fourth quarter. Savant Capital LLC now owns 13,355 shares of the shipping company’s stock valued at $121,000 after acquiring an additional 2,423 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Teekay during the second quarter valued at about $33,000. DGS Capital Management LLC lifted its position in shares of Teekay by 5.2% in the fourth quarter. DGS Capital Management LLC now owns 66,414 shares of the shipping company’s stock valued at $600,000 after acquiring an additional 3,261 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Teekay by 4.6% in the second quarter. Concurrent Investment Advisors LLC now owns 79,587 shares of the shipping company’s stock valued at $796,000 after acquiring an additional 3,473 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

About Teekay

(Get Free Report)

Teekay Corporation (NYSE: TK) is a marine transportation company focused primarily on the ownership and operation of tanker vessels. Through its investment in Teekay Tankers Ltd., the company participates in the transportation of crude oil, refined petroleum products and other liquid cargoes for energy companies, commodity traders and other customers worldwide.

Teekay was founded in 1973 and has developed from a traditional oil-tanker operator into an international maritime services group.