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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:TNK

Teekay Tankers Stock Forecast, Price & News

$17.41
+0.43 (+2.53%)
(As of 06/24/2022 06:40 PM ET)
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Today's Range
$16.76
$17.59
50-Day Range
$14.38
$21.66
52-Week Range
$9.89
$22.10
Volume
579,300 shs
Average Volume
392,309 shs
Market Capitalization
$587.38 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.00
30 days | 90 days | 365 days | Advanced Chart

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TNK Stock Forecast (MarketRank)

Overall MarketRank

1.80 out of 5 stars

Transportation Sector

101st out of 169 stocks

Water Transportation Industry

14th out of 24 stocks

Analyst Opinion: 2.5Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
Teekay Tankers logo

About Teekay Tankers (NYSE:TNK)

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

TNK Stock News Headlines

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Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,900
Year Founded
1973

Company Calendar

Last Earnings
5/12/2022
Today
6/27/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$20.00
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
3 Analysts

Profitability

Net Income
$-242.37 million
Pretax Margin
-41.54%

Debt

Sales & Book Value

Annual Sales
$542.37 million
Book Value
$24.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$587.38 million
Optionable
Optionable
Beta
-0.25

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Teekay Tankers Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Teekay Tankers stock.
View analyst ratings for Teekay Tankers
or view top-rated stocks.

What is Teekay Tankers' stock price forecast for 2022?

3 equities research analysts have issued 12 month target prices for Teekay Tankers' shares. Their TNK stock forecasts range from $20.00 to $20.00. On average, they anticipate Teekay Tankers' stock price to reach $20.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Teekay Tankers
or view top-rated stocks among Wall Street analysts.

How has Teekay Tankers' stock price performed in 2022?

Teekay Tankers' stock was trading at $10.90 on January 1st, 2022. Since then, TNK stock has increased by 59.7% and is now trading at $17.41.
View the best growth stocks for 2022 here
.

When is Teekay Tankers' next earnings date?

Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Teekay Tankers
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) posted its quarterly earnings results on Thursday, May, 12th. The shipping company reported ($0.41) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.20. The shipping company had revenue of $174 million for the quarter, compared to the consensus estimate of $61.06 million. Teekay Tankers had a negative trailing twelve-month return on equity of 15.05% and a negative net margin of 40.96%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.65) earnings per share.
View Teekay Tankers' earnings history
.

When did Teekay Tankers' stock split? How did Teekay Tankers' stock split work?

Teekay Tankers shares reverse split before market open on 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 market closes 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.

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the following people:
  • Mr. Kevin J. Mackay, Pres & CEO (Age 53)
  • Mr. Stewart Andrade, Chief Financial Officer (Age 49)
  • Mr. Jim Basterfield, Head of HR
  • Ms. Edith Robinson, Corp. Sec. (Age 57)
  • Mr. Christian Waldegrave, Director of Research & Commercial Performance

What other stocks do shareholders of Teekay Tankers own?

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).

What is Teekay Tankers' stock symbol?

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

Who are Teekay Tankers' major shareholders?

Teekay Tankers' stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.90%), BlackRock Inc. (3.72%), State Street Corp (1.29%), Charles Schwab Investment Management Inc. (1.12%), Russell Investments Group Ltd. (0.95%) and Northern Trust Corp (0.80%).

Which major investors are selling Teekay Tankers stock?

TNK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Group One Trading L.P., PEAK6 Investments LLC, Spire Wealth Management, Ancora Advisors LLC, HAP Trading LLC, Boston Partners, and BlackRock Inc..

Which major investors are buying Teekay Tankers stock?

TNK stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Charles Schwab Investment Management Inc., JPMorgan Chase & Co., Atria Wealth Solutions Inc., Connor Clark & Lunn Investment Management Ltd., American Century Companies Inc., Renaissance Technologies LLC, and Belvedere Trading LLC.

How do I buy shares of Teekay Tankers?

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.
Compare Top Brokerages Here.

What is Teekay Tankers' stock price today?

One share of TNK stock can currently be purchased for approximately $17.41.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $587.38 million and generates $542.37 million in revenue each year. The shipping company earns $-242.37 million in net income (profit) each year or ($6.95) on an earnings per share basis.

How many employees does Teekay Tankers have?

Teekay Tankers employs 1,900 workers across the globe.

When was Teekay Tankers founded?

Teekay Tankers was founded in 1973.

How can I contact Teekay Tankers?

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The official website for Teekay Tankers is www.teekay.com. The shipping company can be reached via phone at (604) 683-3529, via email at [email protected], or via fax at 441-292-3931.

This page (NYSE:TNK) was last updated on 6/27/2022 by MarketBeat.com Staff

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