Teekay Co. (NYSE:TK) announced a quarterly dividend on Wednesday, January 20th, Analyst Ratings Network.com reports. Stockholders of record on Friday, February 5th will be paid a dividend of 0.055 per share on Thursday, February 18th. This represents a $0.22 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, February 3rd.

Several brokerages have recently issued reports on TK. BTIG Research restated a “buy” rating and set a $46.00 price target on shares of Teekay in a research note on Tuesday, November 10th. Zacks Investment Research upgraded shares of Teekay from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 23rd. Jefferies Group decreased their price target on shares of Teekay from $38.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, January 19th. Deutsche Bank lowered shares of Teekay from a “buy” rating to a “hold” rating and decreased their price target for the stock from $60.00 to $10.00 in a research note on Friday, December 18th. Finally, TheStreet lowered shares of Teekay from a “hold” rating to a “sell” rating in a research note on Tuesday, December 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.53.

Teekay (NYSE:TK) opened at 6.72 on Friday. Teekay has a one year low of $4.37 and a one year high of $51.39. The company has a market capitalization of $488.58 million and a P/E ratio of 16.27. The firm has a 50-day moving average of $9.59 and a 200 day moving average of $27.25.

Teekay (NYSE:TK) last issued its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.11. During the same quarter in the previous year, the company posted ($0.17) EPS. The firm had revenue of $611.62 million for the quarter, compared to analysts’ expectations of $556.57 million. The business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Teekay will post $1.62 EPS for the current fiscal year.

Teekay Corporation (NYSE:TK) 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 through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production, storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business, which consist of offshore logistics, offshore production, liquefied gas carriers and conventional tankers.

12 Month Chart for NYSE:TK

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