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NYSE:TNK

Teekay Tankers (TNK) Stock Forecast, Price & News

$41.63
-0.77 (-1.82%)
(As of 09/29/2023 ET)
Compare
Today's Range
$41.30
$42.59
50-Day Range
$37.46
$45.33
52-Week Range
$25.29
$48.05
Volume
317,036 shs
Average Volume
458,178 shs
Market Capitalization
$1.42 billion
P/E Ratio
2.68
Dividend Yield
2.40%
Price Target
$54.00

Teekay Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
29.7% Upside
$54.00 Price Target
Short Interest
Healthy
2.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.46mentions of Teekay Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-41.99%
From $13.74 to $7.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Transportation Sector

35th out of 116 stocks

Water Transportation Industry

5th out of 17 stocks


TNK stock logo

About Teekay Tankers (NYSE:TNK) Stock

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; and consultancy, procurement, and equipment rental services, as well as manages terminals and vessels. As of December 31, 2022, the company owned and leased 44 double-hulled oil and product tankers, time-chartered in four Aframax/LR2 tankers, and one Suezmax tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.

TNK Price History

TNK Stock News Headlines

Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Supertanker Stocks Ride The Waves Of Volatile Oil Market
Teekay Tankers (TNK): A Detailed Look at Its Overvaluation
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Teekay Tankers (TNK) Receives a Rating Update from a Top Analyst
Teekay Tankers: Up To 45% FCF Yield
Teekay Tankers: A 'Hold' Amidst Rising Tides
Here's what Wall Street expects from Teekay Tankers's earnings
Drewry Financial Keeps Their Buy Rating on Teekay Tankers (TNK)
Bank of America Securities Remains a Hold on Teekay Tankers (TNK)
See More Headlines
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TNK Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 8/25 Dividend
8/11/2023
Dividend Payable
8/25/2023
Today
9/29/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y8565N10
Employees
1,750
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$54.00
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+29.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$229.09 million
Pretax Margin
38.79%

Debt

Sales & Book Value

Annual Sales
$1.06 billion
Cash Flow
$9.31 per share
Book Value
$31.53 per share

Miscellaneous

Free Float
33,354,000
Market Cap
$1.42 billion
Optionable
Optionable
Beta
-0.08

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Key Executives

  • Mr. Kevin J. Mackay (Age 54)
    Pres & CEO
  • Mr. Stewart Andrade (Age 50)
    Chief Financial Officer
  • Mr. Jim Basterfield
    Head of HR
  • Ms. Edith Robinson (Age 58)
    Corp. Sec.
  • Mr. Christian Waldegrave
    Director of Research & Commercial Performance













TNK Stock - Frequently Asked Questions

Should I buy or sell Teekay Tankers stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TNK shares.
View TNK analyst ratings
or view top-rated stocks.

What is Teekay Tankers' stock price forecast for 2023?

2 brokers have issued 12 month price targets for Teekay Tankers' stock. Their TNK share price forecasts range from $54.00 to $54.00. On average, they expect the company's stock price to reach $54.00 in the next year. This suggests a possible upside of 29.7% 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 2023?

Teekay Tankers' stock was trading at $30.81 at the beginning of 2023. Since then, TNK stock has increased by 35.1% and is now trading at $41.63.
View the best growth stocks for 2023 here
.

Are investors shorting Teekay Tankers?

Teekay Tankers saw a decrease in short interest in August. As of August 31st, there was short interest totaling 638,100 shares, a decrease of 20.0% from the August 15th total of 797,800 shares. Based on an average daily volume of 406,300 shares, the short-interest ratio is presently 1.6 days. Currently, 2.7% of the company's shares are sold short.
View Teekay Tankers' Short Interest
.

When is Teekay Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TNK earnings forecast
.

How were Teekay Tankers' earnings last quarter?

Teekay Tankers Ltd. (NYSE:TNK) issued its earnings results on Thursday, August, 3rd. The shipping company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.10. The shipping company earned $370.70 million during the quarter, compared to analysts' expectations of $242.67 million. Teekay Tankers had a net margin of 37.90% and a trailing twelve-month return on equity of 46.25%. The firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share.

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

Teekay Tankers announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Monday, August 14th will be given a dividend of $0.25 per share on Friday, August 25th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from the stock's previous quarterly dividend of $0.24.
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 2.40%. The dividend payout ratio is 6.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNK will have a dividend payout ratio of 12.55% 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?

Shares of Teekay Tankers reverse split 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 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).

What is Teekay Tankers' stock symbol?

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

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 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 $41.63.

How much money does Teekay Tankers make?

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.42 billion and generates $1.06 billion in revenue each year. The shipping company earns $229.09 million in net income (profit) each year or $15.51 on an earnings per share basis.

How many employees does Teekay Tankers have?

The company employs 1,750 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, HM08. The official website for the company is www.teekay.com. The shipping company can be reached via phone at (441) 298-2530, via email at investor.relations@teekay.com, or via fax at 441-292-3931.

This page (NYSE:TNK) was last updated on 9/29/2023 by MarketBeat.com Staff

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