Peter Evensen - Teekay CEO and President and Director

TK Stock  USD 7.90  0.11  1.37%   

CEO

Mr. Peter Evensen is no longer a President, Chief Executive Officer, Director of Teekay Corporationrationration., effective January 31, 2017. He was appointed Executive Vice President in 2004 and was appointed Executive Vice President and Chief Strategy Officer in 2006. In April 2011, he became a Teekay director and assumed the position of President and Chief Executive Officer. Mr. Evensen also serves as Chief Executive Officer and Chief Financial Officer and a director of Teekay GP L.L.C. and as Chief Executive Officer and Chief Financial Officer and a director of Teekay Offshore GP L.L.C. He served as a director of Teekay Tankers Ltd. from October 2007 until June 2013 and again from June 2015 to present since 2011.
Age 65
Tenure 13 years
Address Swan Building, Hamilton, Bermuda, HM 12
Phone441-298-2530
Webhttps://www.teekay.com
Evensen has over 30 years of experience in banking and shipping finance. Prior to joining Teekay, Mr. Evensen was Managing Director and Head of Global Shipping at J.P. Morgan Securities Inc. and worked in other senior positions for its predecessor firms. His international industry experience includes positions in New York, London and Oslo.

Teekay Management Efficiency

The company has Return on Asset (ROA) of 0.1121 % which means that for every $100 of assets, it generated a profit of $0.1121. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.2355 %, which means that it produced $0.2355 on every 100 dollars invested by current stockholders. Teekay's management efficiency ratios could be used to measure how well Teekay manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is expected to rise to 0.07 this year. Return On Capital Employed is expected to rise to 0.26 this year. Change To Liabilities is expected to grow at the current pace this year, although the value of Total Current Liabilities will most likely fall to about 164.2 M.
Teekay reports 227.2 M of total liabilities with total debt to equity ratio (D/E) of 0.5, which is normal for its line of buisiness. Teekay has a current ratio of 2.87, indicating that it is in good position to pay out its debt commitments in time. Note however, debt could still be an excellent tool for Teekay to invest in growth at high rates of return.

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Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda. Teekay Shipping operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 2500 people. Teekay (TK) is traded on New York Stock Exchange in USA. It is located in Swan Building, Hamilton, Bermuda, HM 12 and employs 2,200 people. Teekay is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification.

Management Performance

Teekay Leadership Team

Elected by the shareholders, the Teekay's board of directors comprises two types of representatives: Teekay inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Teekay. The board's role is to monitor Teekay's management team and ensure that shareholders' interests are well served. Teekay's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Teekay's outside directors are responsible for providing unbiased perspectives on the board's policies.
Peter Evensen, CEO and President and Director
Brody Speers, VP Treasurer
Vincent Lok, Chief Financial Officer, Executive Vice President
William Hung, Executive Vice President - Strategic Development
Kenneth Hvid, President, Chief Executive Officer, Director
Arthur Bensler, Executive VP, General Counsel and Corporate Secretary
Mark Kremin, President, Chief Executive Officer of Teekay Gas Group Ltd.
David Schellenberg, Independent Chairman of the Board
Rudolph Krediet, Independent Director
Peter Antturi, Independent Director
Ingvild Sther, President Ltd
Lee Edwards, Financial Analyst
Kevin Mackay, President and Chief Executive Officer - Teekay Tanker Services, a division of Teekay
Ryan Hamilton, IR Contact Officer
Heidi Simon, Independent Director
Frans Lotz, Secretary Counsel
Alan Semple, Independent Director

Teekay Stock Performance Indicators

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Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.23)
Earnings Share
1.51
Revenue Per Share
14.064
Quarterly Revenue Growth
(0.12)
Return On Assets
0.1121
The market value of Teekay is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay's value that differs from its market value or its book value, called intrinsic value, which is Teekay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay's market value can be influenced by many factors that don't directly affect Teekay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.