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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
NYSE:TNK

Teekay Tankers (TNK) Stock Price, News & Analysis

$57.28
-0.10 (-0.17%)
(As of 04/17/2024 ET)
Today's Range
$56.96
$58.35
50-Day Range
$53.11
$60.95
52-Week Range
$35.00
$64.42
Volume
239,080 shs
Average Volume
450,565 shs
Market Capitalization
$1.95 billion
P/E Ratio
3.85
Dividend Yield
1.75%
Price Target
$71.67

Teekay Tankers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.1% Upside
$71.67 Price Target
Short Interest
Healthy
3.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Teekay Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-34.80%
From $14.28 to $9.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Transportation Sector

63rd out of 109 stocks

Water Transportation Industry

7th out of 17 stocks

TNK stock logo

About Teekay Tankers Stock (NYSE:TNK)

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.

TNK Stock Price History

TNK Stock News Headlines

Teekay Tankers (NYSE:TNK) Trading 4.1% Higher
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Teekay Tankers Ltd.
TNK Apr 2024 70.000 call
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
TNK Apr 2024 60.000 call
TNK Apr 2024 65.000 call
Earnings Outlook For Teekay Tankers
Teekay Tankers Q4 2023 Earnings Preview
TNK or KEX: Which Is the Better Value Stock Right Now?
TNK Mar 2024 50.000 call
TK Mar 2024 7.500 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
3/01/2024
Dividend Payable
3/15/2024
Today
4/17/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,590
Year Founded
1973

Price Target and Rating

Average Stock Price Target
$71.67
High Stock Price Target
$73.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+25.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$513.67 million
Pretax Margin
38.34%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$17.47 per share
Book Value
$44.75 per share

Miscellaneous

Free Float
33,445,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
-0.28

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TNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

3 Wall Street 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 analysts is that investors should "buy" TNK shares.
View TNK analyst ratings
or view top-rated stocks.

What is Teekay Tankers' stock price target for 2024?

3 Wall Street analysts have issued 12-month target prices for Teekay Tankers' stock. Their TNK share price targets range from $70.00 to $73.00. On average, they expect the company's share price to reach $71.67 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
View analysts price targets for TNK
or view top-rated stocks among Wall Street analysts.

How have TNK shares performed in 2024?

Teekay Tankers' stock was trading at $49.97 at the beginning of the year. Since then, TNK stock has increased by 14.6% and is now trading at $57.28.
View the best growth stocks for 2024 here
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) released its quarterly earnings data on Thursday, February, 22nd. The shipping company reported $2.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by $0.81. The shipping company had revenue of $194.46 million for the quarter, compared to the consensus estimate of $219.93 million. Teekay Tankers had a net margin of 37.65% and a trailing twelve-month return on equity of 36.16%.

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

Teekay Tankers announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Monday, March 4th will be given a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for TNK
.

Is Teekay Tankers a good dividend stock?

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 10.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNK.

When did Teekay Tankers' stock split?

Teekay Tankers's stock 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 closing bell on Friday, November 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

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).

How do I buy shares of Teekay Tankers?

Shares of TNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TNK) was last updated on 4/17/2024 by MarketBeat.com Staff

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