Here is Why Teekay Corporation (TK) Gained This Week

The share price of Teekay Corporation Ltd. (NYSE:TK) surged by 3.58% between May 14 and May 21, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

A line of oil tankers queuing up at a large port, loading or unloading their cargo for efficient delivery.

Based in Bermuda, Teekay Corporation Ltd. (NYSE:TK) is one of the largest marine energy transportation, storage, and production companies in the world.

The share price of Teekay Corporation Ltd. (NYSE:TK) surged after the company reported results for its Q1 2025 this month. Investors reacted positively after TK announced a one-time special cash dividend of $1 per common share, in addition to its regular quarterly fixed dividend of $0.25 per share. Moreover, the company revealed that it repurchased $4.2 million worth of its shares during the first quarter, with approximately $28.1 million still remaining in its stock buyback program.

However, Teekay Corporation Ltd. (NYSE:TK)’s revenue fell by 36.7% YoY to $231.15 million in Q1, with its EPS also plunging by over 71% compared to the same period last year. The company revealed that it is working on a fleet renewal program, which includes selling older vessels and acquiring modern ones. Since the beginning of 2025, TK has sold six vessels for total gross proceeds of approximately $183 million, or a total expected accounting gain on sale of approximately $53 million.

While we acknowledge the potential of TK to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None.