NYSE:TNK

Teekay Tankers Stock Forecast, Price & News

$14.19
-0.17 (-1.18 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$13.89
$14.53
50-Day Range
$11.91
$15.71
52-Week Range
$8.90
$16.30
Volume501,900 shs
Average Volume483,014 shs
Market Capitalization$478.74 million
P/E RatioN/A
Dividend YieldN/A
Beta0.25
30 days | 90 days | 365 days | Advanced Chart
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Teekay Tankers logo

About Teekay Tankers

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, liquefied natural gas terminal management, consultancy, procurement, equipment rental, and other related services; and lightering support services, including, full-service lightering and other lightering support services. As of December 31, 2020, the company owned and leased 52 double-hull oil tankers, and 9 time chartered-in tankers. Its vessels are employed through long-term, fixed-rate time-charter contracts and spot tanker market. The company was founded in 2007 and is based in Hamilton, Canada.

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MarketRank

Overall MarketRank

1.12 out of 5 stars

Transportation Sector

122nd out of 248 stocks

Water Transportation Industry

19th out of 29 stocks

Analyst Opinion: 2.1Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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Teekay Tankers (NYSE:TNK) Frequently Asked Questions

Is Teekay Tankers a buy right now?

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.
View analyst ratings for Teekay Tankers
or view top-rated stocks.

What stocks does MarketBeat like better than Teekay Tankers?

Wall Street analysts have given Teekay Tankers a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Teekay Tankers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Teekay Tankers?

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.
View Teekay Tankers' Short Interest
.

When is Teekay Tankers' next earnings date?

Teekay Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Teekay Tankers
.

How were Teekay Tankers' earnings last quarter?

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
.

How has Teekay Tankers' stock been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

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

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.

What price target have analysts set for TNK?

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.
View analysts' price targets for Teekay Tankers
or view top-rated stocks among Wall Street analysts.

Who are Teekay Tankers' key executives?

Teekay Tankers' management team includes the following people:
  • Mr. Kevin J. Mackay, Pres & CEO (Age 52)
  • Mr. Stewart Andrade, Chief Financial Officer (Age 48)
  • Mr. Jim Basterfield, Head of HR
  • Mr. Arthur J. Bensler, Corp. Sec. & Director (Age 63)
  • Ms. Edith Robinson, Corp. Sec. (Age 56)
  • Mr. Christian Waldegrave, Director of Research & Commercial Performance

Who are some of Teekay Tankers' key competitors?

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 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%).

Which major investors are selling Teekay Tankers stock?

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.

Which major investors are buying Teekay Tankers stock?

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.

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 $14.19.

How much money does Teekay Tankers make?

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.

How many employees does Teekay Tankers have?

Teekay Tankers employs 2,100 workers across the globe.

When was Teekay Tankers founded?

Teekay Tankers was founded in 1973.

What is Teekay Tankers' official website?

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

Where are Teekay Tankers' headquarters?

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

How can I contact Teekay Tankers?

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]


This page was last updated on 6/21/2021 by MarketBeat.com Staff
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