NEW YORK ( TheStreet) -- Teekay Corp (NYSE: TK) hit a new 52-week high Friday as it traded at $36.84 compared with its previous 52-Week high of $36.57. Teekay is changing hands at $36.74 with 45,687 shares traded as of 10:08 a.m. ET. Average volume has been 352,500 shares over the past 30 days.

Teekay has a market cap of $2.6 billion and is part of the services sector and transportation industry. Shares are up 5.8% year to date as of the close of trading on Thursday.

Teekay Corporation provides crude oil and petroleum product transportation services in Bermuda and internationally. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Teekay as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Teekay Ratings Report.

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