Teekay Tankers Stock Forecast, Price & News

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.

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.

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.

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

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.

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.

Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), Scorpio Tankers (STNG), Frontline (FRO), Golden Ocean Group (GOGL), SFL (SFL), Nordic American Tankers (NAT) and Teekay (TK).
View all of TNK's competitors.

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).

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

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%).

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..

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.

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.

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

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.

Teekay Tankers employs 1,900 workers across the globe.

Teekay Tankers was founded in 1973.

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.