Teekay Tankers (NYSE:TNK) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Teekay Tankers passed above its 200-day moving average, trading as high as $73.94 versus a 200‑day average of $60.51 and last at $72.04.
• Analysts' consensus is a "Buy" with a $77 average target, though recent notes range from strong‑buy (Zacks) and an $84 target (Evercore) to several downgrades to hold.
• Q4 results beat estimates—EPS $2.80 vs. $2.71 expected and revenue $258.3M vs. $179.7M—with a 36.9% net margin; the company pays a $0.25 quarterly dividend (≈1.4% yield).

Teekay Tankers Ltd. (NYSE:TNK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.51 and traded as high as $73.94. Teekay Tankers shares last traded at $72.0410, with a volume of 418,707 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TNK. Evercore reissued an "outperform" rating and set a $84.00 target price on shares of Teekay Tankers in a report on Friday, February 20th. Zacks Research raised Teekay Tankers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Teekay Tankers from a "buy" rating to a "hold" rating in a research report on Sunday, February 8th. Dnb Carnegie downgraded shares of Teekay Tankers from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Finally, DNB Markets lowered shares of Teekay Tankers from a "buy" rating to a "hold" rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Teekay Tankers presently has an average rating of "Buy" and a consensus target price of $77.00.

Teekay Tankers Stock Down 0.6%

The firm has a 50 day simple moving average of $68.90 and a two-hundred day simple moving average of $60.51. The stock has a market capitalization of $2.49 billion, a P/E ratio of 7.14 and a beta of -0.32.

Teekay Tankers (NYSE:TNK - Get Free Report) last issued its earnings results on Thursday, February 19th. The shipping company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.09. Teekay Tankers had a return on equity of 12.60% and a net margin of 36.90%.The firm had revenue of $258.27 million for the quarter, compared to the consensus estimate of $179.70 million. During the same quarter last year, the business posted $1.50 EPS. The company's revenue was down .3% compared to the same quarter last year. On average, research analysts predict that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.00 annualized dividend and a yield of 1.4%. Teekay Tankers's dividend payout ratio (DPR) is 9.91%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Teekay Tankers by 10.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,827 shares of the shipping company's stock worth $98,000 after acquiring an additional 172 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Teekay Tankers by 1.5% during the 4th quarter. CWA Asset Management Group LLC now owns 11,626 shares of the shipping company's stock valued at $621,000 after purchasing an additional 176 shares during the last quarter. Glenorchy Capital Ltd grew its holdings in shares of Teekay Tankers by 0.5% during the 4th quarter. Glenorchy Capital Ltd now owns 36,937 shares of the shipping company's stock valued at $1,973,000 after purchasing an additional 198 shares during the last quarter. Boothbay Fund Management LLC increased its position in Teekay Tankers by 1.4% during the 4th quarter. Boothbay Fund Management LLC now owns 15,172 shares of the shipping company's stock worth $810,000 after purchasing an additional 214 shares in the last quarter. Finally, CWM LLC increased its position in Teekay Tankers by 2.4% during the 4th quarter. CWM LLC now owns 9,171 shares of the shipping company's stock worth $490,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 52.67% of the company's stock.

Teekay Tankers Company Profile

Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.

The company's fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.

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