NYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis → Elon Musk’s Next Move Will Disrupt AI Forever (From InvestorPlace) (Ad) Free TNK Stock Alerts $68.67 -0.07 (-0.10%) (As of 05/13/2024 ET) Add Compare Share Share Today's Range$68.02▼$69.4450-Day Range$53.11▼$69.2752-Week Range$35.00▼$70.67Volume363,155 shsAverage Volume424,332 shsMarket Capitalization$2.35 billionP/E Ratio4.86Dividend Yield1.46%Price Target$76.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Teekay Tankers alerts: Email Address Teekay Tankers MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside10.7% Upside$76.00 Price TargetShort InterestHealthy2.44% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.69Based on 23 Articles This WeekInsider TradingN/AProj. Earnings Growth-20.74%From $14.32 to $11.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.21 out of 5 starsTransportation Sector56th out of 116 stocksWater Transportation Industry8th out of 17 stocks 2.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageTeekay Tankers has only been the subject of 3 research reports in the past 90 days.Read more about Teekay Tankers' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.44% of the float of Teekay Tankers has been sold short.Short Interest Ratio / Days to CoverTeekay Tankers has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently decreased by 15.61%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.45%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Teekay Tankers will have a dividend payout ratio of 8.81% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend.Read more about Teekay Tankers' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 3.2 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Teekay Tankers this week, compared to 3 articles on an average week.Search Interest19 people have searched for TNK on MarketBeat in the last 30 days. This is an increase of 73% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Teekay Tankers is held by insiders.Percentage Held by Institutions52.67% of the stock of Teekay Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Teekay Tankers' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -20.74% in the coming year, from $14.32 to $11.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 4.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 4.86, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.29.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Teekay Tankers' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceElon Musk’s Next Move Will Disrupt AI ForeverA revolutionary venture that is set to get rolled out by May 16. One well-connected Silicon Valley VC has uncovered a way for anybody to claim a stake in "Elon Musk's AI 2.0" with as little as $100.Get all the information here. About Teekay Tankers Stock (NYSE:TNK)Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.Read More TNK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNK Stock News HeadlinesMay 13 at 5:42 AM | americanbankingnews.comTeekay Tankers Ltd. (NYSE:TNK) Short Interest UpdateMay 13 at 4:44 AM | americanbankingnews.comTeekay Tankers (NYSE:TNK) Price Target Raised to $76.00May 10 at 4:48 PM | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Q1 2024 Earnings Call TranscriptMay 10 at 11:48 AM | markets.businessinsider.com4 Analysts Assess Teekay Tankers: What You Need To KnowMay 10 at 1:42 AM | americanbankingnews.comTeekay Tankers (NYSE:TNK) Sets New 1-Year High Following Analyst UpgradeMay 9, 2024 | seekingalpha.comTeekay Tankers Ltd. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | investorplace.comTNK Stock Earnings: Teekay Tankers Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | nasdaq.comTeekay Tankers Ltd. Q1 Profit Decreases, but beats estimatesMay 9, 2024 | globenewswire.comTeekay Corporation Reports First Quarter 2024 ResultsMay 9, 2024 | globenewswire.comTeekay Tankers Ltd. Reports First Quarter 2024 Results and Declares DividendsMay 8, 2024 | msn.comTeekay Tankers Q1 2024 Earnings PreviewMay 8, 2024 | americanbankingnews.comTeekay Tankers (TNK) Scheduled to Post Earnings on ThursdayMay 7, 2024 | investorplace.comOpportunity Alert: 3 Undiscovered Stocks About to Explode on Wall Street's RadarMay 6, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the companyMay 3, 2024 | finance.yahoo.comHere's What Could Help Teekay Tankers (TNK) Maintain Its Recent Price StrengthMay 1, 2024 | globenewswire.comTeekay Group to Announce First Quarter 2024 Earnings Results on May 9, 2024April 26, 2024 | msn.comDelek Logistics Partners raises dividend by 1.4% to $1.07 a shareApril 20, 2024 | seekingalpha.comTNK Teekay Tankers Ltd.April 15, 2024 | finance.yahoo.comReturns On Capital Are A Standout For Teekay Tankers (NYSE:TNK)April 8, 2024 | barrons.comTeekay Tankers Ltd.April 1, 2024 | seekingalpha.comTeekay Tankers: Low Tanker Fleet Growth Points To Years Of High ProfitsMarch 25, 2024 | globenewswire.comTeekay Group Publishes 2023 Sustainability Report and Announces Availability of Annual Reports on Form 20-F for the Year Ended December 31, 2023March 25, 2024 | finance.yahoo.comTeekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five yearsMarch 19, 2024 | ca.finance.yahoo.comTNK Apr 2024 70.000 callMarch 16, 2024 | ca.finance.yahoo.comTNK Apr 2024 60.000 callSee More Headlines Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/22/2024Ex-Dividend for 3/15 Dividend3/01/2024Dividend Payable3/15/2024Today5/13/2024Ex-Dividend for 5/31 Dividend5/20/2024Dividend Payable5/31/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,590Year Founded1973Price Target and Rating Average Stock Price Target$76.00 High Stock Price Target$79.00 Low Stock Price Target$73.00 Potential Upside/Downside+11.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.14 Trailing P/E Ratio4.84 Forward P/E Ratio4.78 P/E Growth1.6Net Income$513.67 million Net Margins37.39% Pretax Margin38.34% Return on Equity31.98% Return on Assets25.33% Debt Debt-to-Equity Ratio0.08 Current Ratio4.40 Quick Ratio4.02 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.72 Cash Flow$17.45 per share Price / Cash Flow3.92 Book Value$44.75 per share Price / Book1.53Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$2.34 billion OptionableOptionable Beta-0.27 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Kevin J. Mackay (Age 55)President & CEO Mr. Stewart Andrade (Age 51)Chief Financial Officer Mr. Jim BasterfieldHead of Human ResourcesMs. Edith Robinson (Age 59)Corporate Secretary Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsGolar LNGNASDAQ:GLNGGolden Ocean GroupNASDAQ:GOGLNordic American TankersNYSE:NATInternational SeawaysNYSE:INSWMatsonNYSE:MATXView All CompetitorsInstitutional OwnershipO Shaughnessy Asset Management LLCBought 19,752 shares on 5/13/2024Ownership: 0.169%Hillsdale Investment Management Inc.Sold 12,120 shares on 5/11/2024Ownership: 0.269%Acadian Asset Management LLCBought 190,407 shares on 5/10/2024Ownership: 1.933%Vanguard Group Inc.Bought 15,537 shares on 5/10/2024Ownership: 0.546%State Board of Administration of Florida Retirement SystemSold 1,090 shares on 5/9/2024Ownership: 0.017%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNK shares. View TNK analyst ratings or view top-rated stocks. What is Teekay Tankers' stock price target for 2024? 3 Wall Street analysts have issued 1 year price targets for Teekay Tankers' stock. Their TNK share price targets range from $73.00 to $79.00. On average, they expect the company's share price to reach $76.00 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price. View analysts price targets for TNK or view top-rated stocks among Wall Street analysts. How have TNK shares performed in 2024? Teekay Tankers' stock was trading at $49.97 at the beginning of 2024. Since then, TNK shares have increased by 37.4% and is now trading at $68.67. View the best growth stocks for 2024 here. Are investors shorting Teekay Tankers? Teekay Tankers saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 591,500 shares, a decrease of 15.6% from the April 15th total of 700,900 shares. Based on an average trading volume of 388,900 shares, the short-interest ratio is currently 1.5 days. Approximately 2.4% of the company's shares are short sold. View Teekay Tankers' Short Interest. When is Teekay Tankers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our TNK earnings forecast. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings results on Thursday, February, 22nd. The shipping company reported $2.87 EPS for the quarter, missing analysts' consensus estimates of $3.68 by $0.81. The shipping company had revenue of $194.46 million for the quarter, compared to the consensus estimate of $219.93 million. Teekay Tankers had a net margin of 37.39% and a trailing twelve-month return on equity of 31.98%. How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers? Teekay Tankers announced a None dividend on Thursday, May 9th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $2.25 per share on Friday, May 31st. This represents a dividend yield of 1.5%. The ex-dividend date is Monday, May 20th. Read our dividend analysis for TNK. Is Teekay Tankers a good dividend stock? Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.45%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 8.81% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TNK. What ETFs hold Teekay Tankers' stock? ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include U.S. Global Sea to Sky Cargo ETF (SEA), Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), Roundhill Acquirers Deep Value ETF (DEEP), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Active Factor Small Cap ETF (AFSM), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and iShares US Small Cap Value Factor ETF (SVAL). When did Teekay Tankers' stock split? Shares of Teekay Tankers reverse split on the morning of Monday, November 25th 2019. The 1-8 reverse split was announced on Wednesday, November 13th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split. What other stocks do shareholders of Teekay Tankers own? Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay Tankers investors own include Laredo Petroleum (LPI), Advanced Micro Devices (AMD), Sequential Brands Group (SQBG), General Electric (GE), AT&T (T), Willamette Valley Vineyards (WVVI), Intel (INTC), Ford Motor (F), JPMorgan Chase & Co. (JPM) and Cara Therapeutics (CARA). Who are Teekay Tankers' major shareholders? Teekay Tankers' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (2.59%), Acadian Asset Management LLC (1.93%), SG Americas Securities LLC (0.87%), Russell Investments Group Ltd. (0.72%), Vanguard Group Inc. (0.55%) and Empowered Funds LLC (0.41%). How do I buy shares of Teekay Tankers? Shares of TNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TNK) was last updated on 5/13/2024 by MarketBeat.com Staff From Our PartnersThe A.I. story nobody is telling you (Read ASAP)TradeSmithMillionaire investor and Republican donor makes surprising election predictionInvestorPlaceHe Is Giving Away BitcoinCrypto Swap ProfitsBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe Crypto 9-5 Escape PlanCrypto 101 MediaUrgent Nvidia WarningAltimetryCharles Payne Demystifies OptionsUnstoppable ProsperityThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill Publishing Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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