TK looks great, lots of cash.
Teekay Shipping Corp. is a provider of international crude oil and petroleum product transportation services through the world's largest fleet of medium size oil tankers. The Company's modern fleet of tankers provides transportation services to major oil companies, oil traders and government agencies worldwide. As of March 1, 2001, the Company's fleet consisted of 75 vessels: 70 Aframax oil tankers and O/B/Os (including five vessels time-chartered-in and one vessel owned by a joint venture), two smaller oil tankers, two Suezmax tankers owned by a joint venture, and one Very Large Crude Carrier.
More from Market Guide: Expanded Business Description
Financial Summary
Teekay Shipping Corp. is a provider of international crude oil and petroleum product transportation services through a fleet of medium size oil tankers. For the nine months ended 9/30/01, revenues increased 33% to $825.9 million. Net income totaled $305.3 million, up from $147.5 million. Revenues reflect an increase in average fleet size due to the acquisition of the Ugland Nordic Shipping ASA. Net income also reflects a $10.2 million gain on the sale of three vessels.
Recent Earnings Announcement
For the 3 months ended 09/30/2001, revenues were 241,976; after tax earnings were 64,392. (Preliminary; reported in thousands of dollars.)
More from Market Guide: Significant Developments
Officers [Insider Trade Data]
Position
C. Sean Day, 51 Chairman
Bjorn Moller, 43 Pres, CEO
Peter Antturi, 42 CFO, VP, Treasurer
David Glendinning, 47 Sr. VP- Customer Service and Marine Project Devel.
Graham Westgarth, 46 Sr. VP, Marine Operations
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:TK As of 13-Nov-2001
Price and Volume
52-Week Low
on 6-Nov-2001 $24.75
Recent Price $26.53
52-Week High
on 24-Apr-2001 $54.50
Beta 0.58
Daily Volume (3-month avg) 203.0K
Daily Volume (10-day avg) 400.0K
Stock Performance
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change -31.5%
52-Week Change
relative to S&P500 -16.9%
Share-Related Items
Market Capitalization $1.06B
Shares Outstanding 40.0M
Float 18.8M
Dividends & Splits
Annual Dividend (indicated) $0.86
Dividend Yield 3.24%
Last Split none
Per-Share Data
Book Value (mrq*) $33.35
Earnings (ttm) $10.56
Earnings (mrq) $1.58
Sales (ttm) $27.03
Cash (mrq*) $7.78
Valuation Ratios
Price/Book (mrq*) 0.80
Price/Earnings (ttm) 2.51
Price/Sales (ttm) 0.98
Income Statements
Sales (ttm) $1.10B
EBITDA (ttm*) $609.0M
Income available to common (ttm) $427.8M
Profitability
Profit Margin (ttm) 39.0%
Operating Margin (ttm) 45.2%
Fiscal Year
Fiscal Year Ends Dec 31
Most recent quarter
(fully updated) 30-June-2001
Most recent quarter
(flash earnings) 30-Sep-2001
Management Effectiveness
Return on Assets (ttm) 18.80%
Return on Equity (ttm) 36.84%
Financial Strength
Current Ratio (mrq*) 2.64
Debt/Equity (mrq*) 0.88
Total Cash (mrq) $171.1M
Short Interest
As of 8-Oct-2001
Shares Short 659.0K
Percent of Float 3.5%
Shares Short
(Prior Month) 532.0K
Short Ratio 3.38
Daily Volume 195.0K |
