Teekay Tankers (TNK) to Release Earnings on Wednesday

Key Points

• Teekay Tankers (TNK) will report Q1 2026 results pre-market on Wednesday, May 6, with analysts expecting $3.07 EPS and $195.535 million in revenue; an earnings call is scheduled for May 7 at 4:00 PM ET.
• The company beat the prior quarter's estimates (reported $2.80 EPS vs. $2.71 expected and $258.27M revenue), and analysts project about $7 EPS for the current fiscal year with a consensus price target of $80 and an average rating of "Moderate Buy."
• TNK carries a market capitalization of roughly $2.7 billion, a PE ratio near 7.75, a 52-week range of $41.05–$82.24, and pays a $0.25 quarterly dividend (annualized $1.00, yield ~1.3%).

Teekay Tankers (NYSE:TNK - Get Free Report) is anticipated to release its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect Teekay Tankers to post earnings of $3.07 per share and revenue of $195.5350 million for the quarter. Interested persons may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, May 7, 2026 at 4:00 PM ET.

Teekay Tankers (NYSE:TNK - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The shipping company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.09. The firm had revenue of $258.27 million during the quarter, compared to analysts' expectations of $179.70 million. Teekay Tankers had a return on equity of 12.60% and a net margin of 36.90%.The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. On average, analysts expect Teekay Tankers to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Teekay Tankers Price Performance

Shares of NYSE TNK opened at $78.15 on Wednesday. The stock has a market capitalization of $2.70 billion, a PE ratio of 7.75 and a beta of -0.28. The business has a fifty day moving average price of $73.12 and a two-hundred day moving average price of $63.93. Teekay Tankers has a fifty-two week low of $41.05 and a fifty-two week high of $82.24.

Teekay Tankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued 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 1.3%. Teekay Tankers's payout ratio is currently 9.91%.

Analyst Ratings Changes

Several brokerages have weighed in on TNK. Dnb Carnegie cut Teekay Tankers from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Zacks Research cut Teekay Tankers from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Evercore reissued an "outperform" rating and set a $90.00 price target on shares of Teekay Tankers in a report on Tuesday, April 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Teekay Tankers in a report on Friday, March 27th. Finally, DNB Markets cut Teekay Tankers from a "buy" rating to a "hold" rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Teekay Tankers presently has an average rating of "Moderate Buy" and a consensus price target of $80.00.

Hedge Funds Weigh In On Teekay Tankers

A number of institutional investors have recently modified their holdings of TNK. PNC Financial Services Group Inc. grew its position in Teekay Tankers by 10.4% during the 4th 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. Boothbay Fund Management LLC grew 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 acquiring an additional 214 shares during the last quarter. Raymond James Financial Inc. grew its position in Teekay Tankers by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 15,978 shares of the shipping company's stock worth $667,000 after acquiring an additional 366 shares during the last quarter. Mariner LLC grew its position in Teekay Tankers by 5.6% during the 4th quarter. Mariner LLC now owns 7,286 shares of the shipping company's stock worth $389,000 after acquiring an additional 384 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Teekay Tankers by 7.5% during the 4th quarter. Cerity Partners LLC now owns 6,784 shares of the shipping company's stock worth $362,000 after acquiring an additional 471 shares during 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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