Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company operates through two segments, Conventional Tanker and Ship-To-Ship Transfer. It is involved in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers. The company also provides ship-to-ship transfer services, including lightering and lightering support, consultancy, and LNG terminal management services. As of December 31, 2017, it operated a fleet of 52 owned conventional tankers, 4 conventional tankers related to capital leases, 1 in-chartered vessel, and 1 jointly-owned very large crude carrier; and 6 ship-to-ship support vessels. The company's vessels operated under fixed-rate time charter contracts with its customers. Teekay Tankers Ltd. was founded in 2007 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNYSE:TNK
CUSIPY8565N10
Phone441-298-2530
Debt
Debt-to-Equity Ratio0.96
Current Ratio0.70
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio-9.64
Forward P/E Ratio-3.21
P/E GrowthN/A
Sales & Book Value
Annual Sales$431.18 million
Price / Sales0.66
Cash Flow$0.3282 per share
Price / Cash3.23
Book Value$3.75 per share
Price / Book0.28
Profitability
EPS (Most Recent Fiscal Year)($0.11)
Net Income$-58,020,000.00
Net Margins-13.20%
Return on Equity-7.43%
Return on Assets-3.43%
Miscellaneous
Employees1,700
Outstanding Shares268,560,000
Market Cap$260.55 million
Teekay Tankers (NYSE:TNK) Frequently Asked Questions
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 declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 5th will be paid a dividend of $0.03 per share on Friday, March 9th. This represents a $0.12 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend is Friday, March 2nd. View Teekay Tankers' Dividend History.
How were Teekay Tankers' earnings last quarter?
Teekay Tankers Ltd. (NYSE:TNK) issued its quarterly earnings results on Thursday, August, 2nd. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.11). The shipping company had revenue of $84.70 million for the quarter, compared to analysts' expectations of $77.53 million. Teekay Tankers had a negative return on equity of 7.43% and a negative net margin of 13.20%. Teekay Tankers's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. View Teekay Tankers' Earnings History.
When is Teekay Tankers' next earnings date?
What price target have analysts set for TNK?
6 equities research analysts have issued 12-month price objectives for Teekay Tankers' shares. Their forecasts range from $1.00 to $3.00. On average, they expect Teekay Tankers' stock price to reach $1.65 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price. View Analyst Price Targets for Teekay Tankers.
What is the consensus analysts' recommendation for Teekay Tankers?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Teekay Tankers.
Who are some of Teekay Tankers' key competitors?
Some companies that are related to Teekay Tankers include Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Tidewater (TDW), Kenon (KEN), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), International Seaways (INSW), Dynagas LNG Partners (DLNG), Nordic American Tanker (NAT), Hornbeck Offshore Services (HOS), Odyssey Marine Exploration (OMEX), EuroDry (EDRY) and Caspian Services (CSSV).
Who are Teekay Tankers' key executives?
Teekay Tankers' management team includes the folowing people:
- Mr. Kevin J. Mackay, Pres & CEO (Age 49)
- Mr. Stewart Andrade, Chief Financial Officer (Age 45)
- Mr. Jim Basterfield, Head of HR
- Mr. Raymond McNamara, Head of Ship Management
- Mr. Kenneth Hvid, Director (Age 50)
Has Teekay Tankers been receiving favorable news coverage?
Media stories about TNK stock have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teekay Tankers earned a daily sentiment score of 0.15 on Accern's scale. They also assigned media coverage about the shipping company an impact score of 47.31 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Teekay Tankers.
Who are Teekay Tankers' major shareholders?
Teekay Tankers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Huber Capital Management LLC (5.59%), BlueMountain Capital Management LLC (2.94%), Dimensional Fund Advisors LP (1.60%), Renaissance Technologies LLC (0.82%), Bienville Capital Management LLC (0.33%) and Millennium Management LLC (0.19%).
Which major investors are selling Teekay Tankers stock?
TNK stock was sold by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Huber Capital Management LLC and Dimensional Fund Advisors LP.
Which major investors are buying Teekay Tankers stock?
TNK stock was bought by a variety of institutional investors in the last quarter, including Bienville Capital Management LLC, Renaissance Technologies LLC and Millennium Management 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Teekay Tankers' stock price today?
One share of TNK stock can currently be purchased for approximately $1.06.
How big of a company is Teekay Tankers?
Teekay Tankers has a market capitalization of $260.55 million and generates $431.18 million in revenue each year. The shipping company earns $-58,020,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis. Teekay Tankers employs 1,700 workers across the globe.
How can I contact Teekay Tankers?
Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM11. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]
MarketBeat Community Rating for Teekay Tankers (NYSE TNK)
MarketBeat's community ratings are surveys of what our community members think about Teekay Tankers and other stocks. Vote "Outperform" if you believe TNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
