Teekay Tankers Company Profile (NYSE:TNK)

About Teekay Tankers

Teekay Tankers logoTeekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company's business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. Its ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company's conventional tanker segment as part of full service lightering operations and other related services. Its operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services. Its fleet consists of approximately 60 conventional vessels (including over 10 in-chartered vessels and an approximately 50%-owned very large crude carrier (VLCC)) and approximately six ship-to-ship (STS) support vessels.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Exchange: NYSE
  • Symbol: TNK
  • CUSIP: Y8565N10
Key Metrics:
  • Previous Close: $2.46
  • 50 Day Moving Average: $2.38
  • 200 Day Moving Average: $2.51
  • 52-Week Range: $1.90 - $4.80
  • Trailing P/E Ratio: 3.57
  • Foreward P/E Ratio: 7.45
  • P/E Growth: -2.79
  • Market Cap: $384.50M
  • Outstanding Shares: 156,300,000
  • Beta: 2.48
Profitability:
  • Net Margins: 18.95%
  • Return on Equity: 13.73%
  • Return on Assets: 6.03%
Debt:
  • Debt-to-Equity Ratio: 0.89%
  • Current Ratio: 0.84%
  • Quick Ratio: 0.84%
Additional Links:
Companies Related to Teekay Tankers:

Analyst Ratings

Consensus Ratings for Teekay Tankers (NYSE:TNK) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.89)
Consensus Price Target: $4.65 (89.14% upside)

Analysts' Ratings History for Teekay Tankers (NYSE:TNK)
Show:
DateFirmActionRatingPrice TargetDetails
10/3/2016Clarkson CapitalDowngradeBuy -> Neutral$7.00 -> $3.00View Rating Details
8/26/2016Morgan StanleyReiterated RatingEqual Weight$3.60 -> $2.50View Rating Details
8/8/2016DanskeReiterated RatingHold -> SellView Rating Details
5/21/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
5/20/2016DNB MarketsDowngradeBuy -> HoldView Rating Details
5/20/2016Bank of America CorpDowngradeNeutral -> Underperform$3.00 -> $3.57View Rating Details
5/4/2016Seaport Global SecuritiesInitiated CoverageBuy$6.00View Rating Details
4/12/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
4/7/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$7.00 -> $5.00View Rating Details
1/11/2016Barclays PLCInitiated CoverageOverweight$10.00View Rating Details
12/8/2015Credit Suisse GroupInitiated CoverageOutperform$10.00View Rating Details
5/18/2015Evercore ISIReiterated RatingBuy$9.00 -> $9.50View Rating Details
3/4/2015GMP SecuritiesInitiated CoverageHold$7.00View Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for Teekay Tankers (NYSE:TNK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017$0.04N/AView Earnings Details
11/3/2016Q3$0.03($0.01)$93.25 million$104.60 millionViewN/AView Earnings Details
8/4/2016Q216$0.19$0.20$131.06 million$139.62 millionViewN/AView Earnings Details
5/19/2016Q116$0.37$0.29$150.94 million$165.00 millionViewListenView Earnings Details
2/18/2016Q415$0.41$0.31$152.53 million$159.30 millionViewListenView Earnings Details
11/5/2015Q315$0.35$0.30$118.77 million$122.78 millionViewN/AView Earnings Details
8/6/2015Q215$0.39$0.35$108.79 million$107.60 millionViewN/AView Earnings Details
5/14/2015Q1$0.33$0.34$96.12 million$103.90 millionViewListenView Earnings Details
2/19/2015Q4$0.17$0.21$70.54 million$75.90 millionViewN/AView Earnings Details
11/6/2014$0.05$0.03ViewN/AView Earnings Details
8/7/2014Q2($0.05)ViewN/AView Earnings Details
5/15/2014Q1 14$0.10$0.31ViewN/AView Earnings Details
2/20/2014($0.05)($0.03)ViewN/AView Earnings Details
11/7/2013Q313($0.08)($0.05)$39.62 million$39.48 millionViewN/AView Earnings Details
8/8/2013Q2 2013($0.02)($0.08)ViewN/AView Earnings Details
5/9/2013Q1 2013($0.02)($0.04)$43.05 million$44.95 millionViewN/AView Earnings Details
2/21/2013Q4 2012($0.04)($0.09)$46.74 million$45.49 millionViewN/AView Earnings Details
11/8/2012Q312($0.06)($0.09)$42.96 million$46.10 millionViewN/AView Earnings Details
8/9/2012($0.01)$0.01ViewN/AView Earnings Details
5/17/2012$0.05$0.04ViewN/AView Earnings Details
2/23/2012($0.01)($0.02)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Teekay Tankers (NYSE:TNK)
Current Year EPS Consensus Estimate: $0.55 EPS
Next Year EPS Consensus Estimate: $0.33 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.21$0.21$0.21
Q3 20161$0.02$0.02$0.02
Q4 20161$0.04$0.04$0.04
Q1 20171$0.17$0.17$0.17
Q2 20171$0.02$0.02$0.02
Q3 20171$0.02$0.02$0.02
Q4 20171$0.08$0.08$0.08
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Teekay Tankers (NYSE:TNK)
Annual Dividend:$0.12
Dividend Yield:4.88%
Dividend Growth:35.70% (3 Year Average)
Payout Ratio:17.14% (Based on Trailing 12 Months of Earnings)
21.82% (Based on Current Year Consensus EPS Estimate)
36.36% (Based on Next Year Consensus EPS Estimate)

Dividend History for Teekay Tankers (NYSE:TNK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/3/2016quarterly$0.035.85%11/9/201611/14/201611/18/2016
8/4/2016quarterly$0.067.97%8/11/20168/15/20168/19/2016
5/19/2016quarterly$0.0910.65%5/25/20165/30/20166/3/2016
12/14/2015quarterly$0.121.56%1/29/20162/2/20162/12/2016
10/6/2015quarterly$0.031.57%10/14/201510/16/201510/30/2015
7/7/2015quarterly$0.031.8%7/15/20157/17/20157/31/2015
4/3/2015quarterly$0.032.02%4/15/20154/17/20154/30/2015
1/5/2015quarterly$0.032.35%1/15/20151/20/20151/30/2015
10/3/2014quarterly$0.033.34%10/15/201410/17/201410/31/2014
7/3/2014quarterly$0.032.98%7/16/20147/18/20147/31/2014
4/4/2014quarterly$0.033.31%4/15/20144/17/20144/30/2014
1/3/2014quarterly$0.033.08%1/15/20141/17/20141/31/2014
10/7/2013quarterly$0.034.58%10/11/201310/16/201310/25/2013
7/9/2013quarterly$0.034.1%7/17/20137/19/20137/31/2013
5/9/2013quarterly$0.034.84%5/16/20135/20/20135/28/2013
2/20/2013quarterly$0.034.82%2/28/20133/4/20133/11/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Teekay Tankers (NYSE:TNK)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Teekay Tankers (NYSE:TNK)
DateHeadline
News IconTeekay Tankers Ltd. (NYSE:TNK) Equity Price Target Fixed At $3.642 - Transcript Daily (NYSE:TNK)
transcriptdaily.com - February 20 at 8:32 AM
News IconStock Check: Reviewing the Numbers for Teekay Tankers Ltd. (TNK) - Rives Journal (NYSE:TNK)
rivesjournal.com - February 14 at 6:34 AM
News IconTeekay Tankers Ltd. (NYSE:TNK) has 1 year Price Target of $2.97 ... - The Newburgh Press (NYSE:TNK)
newburghpress.com - February 10 at 6:08 AM
News IconInvestor Center: Technicals in View for Teekay Tankers Ltd. (TNK) - Piedmont Register (NYSE:TNK)
piedmontregister.com - February 9 at 6:12 AM
News IconInvestor Focus on Shares of Teekay Tankers Ltd. (TNK) - Rives Journal (NYSE:TNK)
rivesjournal.com - February 8 at 8:04 AM
News IconStock Price of Scorpio Tankers Inc. (STNG) Increases 1.04% (NYSE:TNK)
prensariotiretail.com - February 7 at 3:06 AM
News IconScorpio Tankers Inc. (NYSE:STNG) current Stock Analysis (NYSE:TNK)
mundoaguaysaneamiento.net - February 7 at 3:06 AM
News IconLooking at Moving Averages for Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - February 3 at 6:17 AM
News IconTeekay Tankers Ltd. (NYSE:TNK) Receives An Update From Brokers - Hellenic Shipping News Worldwide (NYSE:TNK)
www.hellenicshippingnews.com - February 3 at 6:17 AM
News IconTechnical Study: Following Indicators for Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - February 2 at 6:07 AM
News IconIs This Stock Capable of a Bull Run: Teekay Tankers Ltd. (NYSE:TNK) - Nelson Research (NYSE:TNK)
nelsonobserver.com - January 30 at 10:57 AM
News IconNew Analyst Ratings On Teekay Tankers Ltd. (NYSE:TNK) - NewsDen - NewsDen (NYSE:TNK)
newsden.net - January 29 at 8:23 AM
News IconStock Update: Estimates & Target in Focus for Teekay Tankers Ltd. (NYSE:TNK) - Aiken Advocate (NYSE:TNK)
aikenadvocate.com - January 28 at 2:46 AM
News IconEarnings in Full Force, Analysts Take Aim at Teekay Tankers Ltd. (NYSE:TNK) - Wall Street Beacon (NYSE:TNK)
wsbeacon.com - January 27 at 4:45 PM
News IconTrading Spotlight: Zooming in on Shares of Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - January 27 at 6:16 AM
News IconTeekay Tankers Ltd. (NYSE:TNK) Insider Trading Update - The Newburgh Press (NYSE:TNK)
newburghpress.com - January 27 at 6:16 AM
News IconTrading Radar: Zooming in on Shares of Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - January 25 at 7:25 AM
News IconIs Trouble Brewing For This Stock? Shares Gapping Lower: Teekay Tankers Ltd. (NYSE:TNK) - Aiken Advocate (NYSE:TNK)
aikenadvocate.com - January 25 at 7:25 AM
News IconAnalysts Update Their Price Target On Teekay Tankers Ltd. (NYSE ... - Hellenic Shipping News Worldwide (NYSE:TNK)
www.hellenicshippingnews.com - January 25 at 7:25 AM
News IconTechnical Trading: Focus on Shares of Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - January 23 at 11:52 PM
capitalcube.com logoTeekay Tankers Ltd. breached its 50 day moving average in a Bullish Manner : TNK-US : January 23, 2017 (NYSE:TNK)
www.capitalcube.com - January 23 at 8:00 AM
News IconTrading Review: Technical Survey on Shares of Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - January 20 at 7:09 AM
News IconActive Trading Watch on Shares of Teekay Tankers Ltd. (TNK) - Sherwood Daily (NYSE:TNK)
sherwooddaily.com - January 17 at 10:39 AM
marketrealist.com logoTeekay Tankers' 4Q16 Revenue Not Expected to Improve - Market ... - Market Realist (NYSE:TNK)
marketrealist.com - January 17 at 10:39 AM
News IconPrice Target Of Teekay Tankers Ltd. (NYSE:TNK) Given Of $3.642 ... - Transcript Daily (NYSE:TNK)
transcriptdaily.com - January 17 at 10:39 AM
marketrealist.com logoAnalysts’ Recommendations for Nordic American Tankers (NYSE:TNK)
marketrealist.com - January 17 at 10:39 AM
marketrealist.com logoTeekay Tankers’ 4Q16 Revenue Not Expected to Improve (NYSE:TNK)
marketrealist.com - January 17 at 10:39 AM
News IconWill The Needle Move For Teekay Tankers Ltd. (NYSE:TNK) Shares This Earnings Season? - Wall Street Beacon (NYSE:TNK)
wsbeacon.com - January 15 at 2:08 AM
News IconYieldBoost Teekay Tankers From 5.2% To 27% Using Options (NYSE:TNK)
www.stockoptionschannel.com - January 12 at 5:32 AM
capitalcube.com logoTeekay Tankers Ltd. : TNK-US: Dividend Analysis : November 14th, 2016 (record date) : By the numbers : January 11, 2017 (NYSE:TNK)
www.capitalcube.com - January 12 at 5:32 AM
News IconPrice Target Of Teekay Tankers Ltd. (NYSE:TNK) Fixed At $3.642 - Transcript Daily (NYSE:TNK)
transcriptdaily.com - January 10 at 2:21 AM
News IconIs the Needle Ready to Move on Teekay Tankers Ltd. (NYSE:TNK ... - Prospect Journal (NYSE:TNK)
prospectjournal.com - January 10 at 2:21 AM
News IconTeekay Tankers Ltd. (NYSE:TNK) declared EPS of (NYSE:TNK)
viveremilano.biz - January 5 at 7:09 AM
capitalcube.com logoTeekay Tankers Ltd. breached its 50 day moving average in a Bullish Manner : TNK-US : January 4, 2017 (NYSE:TNK)
www.capitalcube.com - January 5 at 7:09 AM
marketwatch.com logoTeekay Corporation Declares Dividend (NYSE:TNK)
www.marketwatch.com - January 4 at 7:01 AM
realistinvestor.com logoThe Growth Predict For Teekay Tankers Ltd. (NYSE:TNK) - RealistInvestor.com (NYSE:TNK)
www.realistinvestor.com - January 2 at 7:59 PM
News IconIs This The Right Stock For Heady Investors: Teekay Tankers Ltd. (NYSE:TNK) - Prospect Journal (NYSE:TNK)
prospectjournal.com - December 23 at 2:09 AM
capitalcube.com logoETFs with exposure to Teekay Tankers Ltd. : December 22, 2016 (NYSE:TNK)
www.capitalcube.com - December 23 at 2:09 AM
News IconBargain Hunters Should Take a Look at Teekay Tankers Ltd. (NYSE:TNK) - Prospect Journal (NYSE:TNK)
prospectjournal.com - December 20 at 9:05 PM
capitalcube.com logoTeekay Tankers Ltd. breached its 50 day moving average in a Bearish Manner : TNK-US : December 20, 2016 (NYSE:TNK)
www.capitalcube.com - December 20 at 4:03 PM
News IconAnalysts' Consensus Opinions for: McKesson Corporation (NYSE:MCK) , Teekay Tankers Ltd. (NYSE:TNK) , Teekay ... - Wall Street Times (press release) (NYSE:TNK)
www.wallstreetnews24.com - December 14 at 6:15 AM
realistinvestor.com logoAnalysts Rating Of Teekay Tankers Ltd. (NYSE:TNK) At 2.63 - RealistInvestor.com (NYSE:TNK)
www.realistinvestor.com - December 12 at 8:32 PM
seekingalpha.com logoRegion To Watch For Crude Tanker Demand Growth (NYSE:TNK)
seekingalpha.com - December 12 at 3:31 PM
capitalcube.com logoETFs with exposure to Teekay Tankers Ltd. : December 8, 2016 (NYSE:TNK)
us.rd.yahoo.com - December 9 at 12:11 AM
capitalcube.com logoTeekay Tankers Ltd. – Value Analysis (NYSE:TNK) : December 8, 2016 (NYSE:TNK)
us.rd.yahoo.com - December 9 at 12:11 AM
capitalcube.com logoTeekay Tankers Ltd. breached its 50 day moving average in a Bullish Manner : TNK-US : December 7, 2016 (NYSE:TNK)
www.capitalcube.com - December 7 at 8:05 AM
marketrealist.com logoWhat Factors Will Affect Frontline’s 4Q16 Revenues? (NYSE:TNK)
marketrealist.com - December 6 at 7:46 AM
News IconTeekay Tankers Ltd. (NYSE:TNK):Given Price Target Of $3.642 - Transcript Daily (NYSE:TNK)
transcriptdaily.com - December 5 at 3:32 PM
realistinvestor.com logoThe Growth Forecast For:Teekay Tankers Ltd. (NYSE:TNK) - RealistInvestor.com (NYSE:TNK)
www.realistinvestor.com - December 5 at 3:32 PM
seekingalpha.com logoCrude Tanker Supply Side Update (NYSE:TNK)
seekingalpha.com - November 29 at 10:59 AM

Social

What is Teekay Tankers' stock symbol?

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

How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers?

Teekay Tankers announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Monday, November 14th will be paid a dividend of $0.03 per share on Friday, November 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Wednesday, November 9th.

Where is Teekay Tankers' stock going? Where will Teekay Tankers' stock price be in 2017?

9 brokerages have issued 12 month price objectives for Teekay Tankers' shares. Their forecasts range from $2.50 to $8.00. On average, they expect Teekay Tankers' stock price to reach $4.65 in the next twelve months.

When will Teekay Tankers announce their earnings?

Teekay Tankers is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.

Who owns Teekay Tankers stock?

Teekay Tankers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.10%), State Street Corp (1.14%), Oxford Asset Management (0.86%), Allianz Asset Management AG (0.68%), Guggenheim Capital LLC (0.57%) and Thrivent Financial for Lutherans (0.24%).

Who sold Teekay Tankers stock? Who is selling Teekay Tankers stock?

Teekay Tankers' stock was sold by a variety of institutional investors in the last quarter, including Metropolitan Life Insurance Co. NY.

Who bought Teekay Tankers stock? Who is buying Teekay Tankers stock?

Teekay Tankers' stock was bought by a variety of institutional investors in the last quarter, including Oxford Asset Management, Dimensional Fund Advisors LP, Guggenheim Capital LLC, Allianz Asset Management AG, Oceanic Investment Management LTD, AQR Capital Management LLC, Russell Investments Group Ltd. and Federated Investors Inc. PA.

How do I buy Teekay Tankers stock?

Shares of Teekay Tankers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Teekay Tankers stock cost?

One share of Teekay Tankers stock can currently be purchased for approximately $2.46.

Teekay Tankers (NYSE:TNK) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Teekay Tankers (NYSE:TNK)

Earnings History Chart

Earnings by Quarter for Teekay Tankers (NYSE:TNK)

Dividend History Chart

Dividend Payments by Quarter for Teekay Tankers (NYSE:TNK)

Last Updated on 2/21/2017 by MarketBeat.com Staff