Teekay Tankers (TNK) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Teekay Tankers is expected to report Q2 2026 earnings after the market closes on Wednesday, July 29, with analysts forecasting $5.61 per share on $289.7 million in revenue.
• The company’s most recent quarter produced $3.69 EPS, and analysts currently expect $14 EPS for the full fiscal year and $7 EPS next year.
• Teekay Tankers also recently paid a quarterly dividend of $0.25 per share, while Wall Street’s consensus rating remains Moderate Buy with a $77 average price target.

Teekay Tankers (NYSE:TNK - Get Free Report) is projected to post its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Teekay Tankers to announce earnings of $5.61 per share and revenue of $289.6950 million for the quarter. Interested persons can check the company's upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.

Teekay Tankers (NYSE:TNK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The shipping company reported $3.69 earnings per share (EPS) for the quarter. Teekay Tankers had a return on equity of 16.34% and a net margin of 42.60%. On average, analysts expect Teekay Tankers to post $14 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Teekay Tankers Price Performance

Shares of NYSE:TNK opened at $75.61 on Wednesday. The business has a 50-day moving average of $72.78 and a two-hundred day moving average of $70.84. The firm has a market capitalization of $2.61 billion, a PE ratio of 6.15 and a beta of -0.22. Teekay Tankers has a 12 month low of $41.77 and a 12 month high of $83.99.

Teekay Tankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Teekay Tankers's payout ratio is presently 8.13%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore reissued an "outperform" rating and set a $86.00 target price on shares of Teekay Tankers in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Teekay Tankers from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of Teekay Tankers from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Teekay Tankers in a research note on Wednesday, June 24th. Finally, Bank of America lifted their target price on shares of Teekay Tankers from $69.00 to $75.00 and gave the company an "underperform" rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Teekay Tankers has an average rating of "Moderate Buy" and a consensus price target of $77.00.

Insider Buying and Selling

In related news, Director David Schellenberg sold 7,031 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $71.53, for a total transaction of $502,927.43. Following the transaction, the director directly owned 7,445 shares of the company's stock, valued at approximately $532,540.85. The trade was a 48.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Trading of Teekay Tankers

Several large investors have recently bought and sold shares of TNK. Ameriprise Financial Inc. lifted its position in shares of Teekay Tankers by 24.6% during the second quarter. Ameriprise Financial Inc. now owns 692,796 shares of the shipping company's stock worth $28,903,000 after purchasing an additional 136,990 shares in the last quarter. Man Group plc purchased a new stake in Teekay Tankers during the 4th quarter worth $5,264,000. Millennium Management LLC increased its stake in Teekay Tankers by 203.6% during the 4th quarter. Millennium Management LLC now owns 146,378 shares of the shipping company's stock worth $7,820,000 after buying an additional 98,156 shares during the period. Squarepoint Ops LLC purchased a new stake in Teekay Tankers during the 4th quarter worth $5,174,000. Finally, HRT Financial LP acquired a new position in Teekay Tankers in the 4th quarter worth $5,049,000. 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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