Teekay Tankers Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Teekay Tankers stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNK, but not buy additional shares or sell existing shares.
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Teekay Tankers saw a decline in short interest in May. As of May 28th, there was short interest totaling 885,700 shares, a decline of 18.0% from the May 13th total of 1,080,000 shares. Based on an average trading volume of 409,700 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.7% of the company's stock are short sold.
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Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Teekay Tankers.

Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings results on Thursday, May, 13th. The shipping company reported ($0.65) EPS for the quarter, beating analysts' consensus estimates of ($0.79) by $0.14. The shipping company earned $142.80 million during the quarter, compared to the consensus estimate of $70.37 million. Teekay Tankers had a negative net margin of 5.95% and a positive trailing twelve-month return on equity of 1.89%. The firm's revenue was down 58.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.27 earnings per share.
View Teekay Tankers' earnings history.

Teekay Tankers' stock was trading at $17.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TNK shares have decreased by 19.7% and is now trading at $14.19.
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Teekay Tankers's stock 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 closing bell on Friday, November 22nd 2019. An investor that had 100 shares of Teekay Tankers stock prior to the reverse split would have 13 shares after the split.

4 analysts have issued 12 month price targets for Teekay Tankers' shares. Their forecasts range from $14.00 to $22.00. On average, they anticipate Teekay Tankers' share price to reach $17.00 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golden Ocean Group (GOGL), Golar LNG (GLNG), Scorpio Tankers (STNG), SFL (SFL), GasLog (GLOG), Nordic American Tankers (NAT) and Teekay (TK).
View all of TNK's competitors.

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).

Teekay Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNK."

Teekay Tankers' stock is owned by many different institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (6.14%), Dimensional Fund Advisors LP (4.47%), Ameriprise Financial Inc. (3.68%), Boston Partners (0.82%), Schroder Investment Management Group (0.69%) and QVT Financial LP (0.54%).

TNK stock was sold by a variety of institutional investors in the last quarter, including Blueshift Asset Management LLC, Goldman Sachs Group Inc., Schroder Investment Management Group, Morgan Stanley, and UBS Group AG.

TNK stock was bought by a variety of institutional investors in the last quarter, including QVT Financial LP, Point72 Asset Management L.P., Ameriprise Financial Inc., Clear Harbor Asset Management LLC, Boston Partners, Russell Investments Group Ltd., Caption Management LLC, and Alpha Paradigm Partners LLC.

Shares of TNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TNK stock can currently be purchased for approximately $14.19.

Teekay Tankers has a market capitalization of $478.74 million and generates $886.43 million in revenue each year. The shipping company earns $87.32 million in net income (profit) each year or $4.54 on an earnings per share basis.

Teekay Tankers employs 2,100 workers across the globe.

Teekay Tankers was founded in 1973.

The official website for Teekay Tankers is www.teekay.com.

Teekay Tankers is headquartered at 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]