Teekay (NYSE:TK) Reaches New 52-Week High – Here’s What Happened

Posted by Brian Himes on Oct 14th, 2026

Teekay Corporation Ltd. (NYSE:TK – Get Free Report)’s share price hit a new 52-week high during trading on Monday. The stock traded as high as $15.50 and last traded at $15.6410, with a volume of 285 shares trading hands. The stock had previously closed at $15.27.

Wall Street Analyst Weigh In

TK has been the subject of a number of research analyst reports. Wall Street Zen upgraded Teekay from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Teekay from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

View Our Latest Report on TK

Teekay Trading Down 0.7%

The firm’s fifty day moving average price is $13.54 and its 200 day moving average price is $12.58. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.48 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.68. Teekay had a net margin of 15.78% and a return on equity of 7.91%. During the same quarter in the previous year, the company posted $0.22 earnings per share.

Insider Transactions at Teekay

In other Teekay news, Director Rudolph Krediet sold 41,457 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $11.45, for a total transaction of $474,682.65. Following the transaction, the director directly owned 35,167 shares in the company, valued at $402,662.15. This represents a 54.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Simon sold 11,585 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was 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 in the company, valued at $647,694.08. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,257 shares of company stock worth $2,593,468 in the last ninety days. 2.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Teekay

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Teekay during the second quarter worth about $33,000. Pinnacle Holdings LLC purchased a new position in shares of Teekay in the second quarter valued at approximately $62,000. AXQ Capital LP acquired a new position in shares of Teekay in the second quarter valued at approximately $133,000. ABC Arbitrage SA acquired a new position in shares of Teekay in the first quarter valued at approximately $192,000. Finally, First Trust Advisors LP acquired a new position in shares of Teekay in the first quarter valued at approximately $224,000. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Teekay Company Profile

(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.