NYSE:TNK Teekay Tankers (TNK) Stock Price, News & Analysis $62.61 -0.25 (-0.40%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$62.08▼$63.3050-Day Range$62.28▼$73.6752-Week Range$37.20▼$74.20Volume165,377 shsAverage Volume373,610 shsMarket Capitalization$2.15 billionP/E Ratio4.43Dividend Yield1.60%Price Target$80.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Teekay Tankers alerts: Email Address Teekay Tankers MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside27.8% Upside$80.00 Price TargetShort InterestHealthy2.53% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.83Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth-16.26%From $13.78 to $11.54 Per ShareSee Full Details Hide Full Details 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.3.54 out of 5 starsTransportation Sector58th out of 120 stocksWater Transportation Industry9th out of 17 stocks 3.5 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageTeekay Tankers has only been the subject of 3 research reports in the past 90 days.Read more about Teekay Tankers' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.53% of the float of Teekay Tankers has been sold short.Short Interest Ratio / Days to CoverTeekay Tankers has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently increased by 64.78%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 1.56%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTeekay Tankers does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Teekay Tankers is 7.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Teekay Tankers will have a dividend payout ratio of 8.67% next year. This indicates that Teekay Tankers will be able to sustain or increase its dividend.Read more about Teekay Tankers' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNK. Previous Next 3.2 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Teekay Tankers this week, compared to 3 articles on an average week.Search Interest15 people have searched for TNK on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Teekay Tankers insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Teekay Tankers is held by insiders.Percentage Held by Institutions52.67% of the stock of Teekay Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Teekay Tankers' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -16.26% in the coming year, from $13.78 to $11.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 4.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 4.43, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.35.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 1.55. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Teekay Tankers' valuation and earnings. 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It also engages management of vessels, procurement, and equipment rental businesses. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda.Read More TNK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNK Stock News HeadlinesJuly 24 at 4:00 PM | globenewswire.comTeekay Group to Announce Second Quarter 2024 Earnings Results on August 1, 2024July 24 at 12:15 PM | americanbankingnews.comTeekay Tankers (NYSE:TNK) Price Target Increased to $85.00 by Analysts at Evercore ISIJuly 26, 2024 | Colonial Metals (Ad)Collapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.June 13, 2024 | seekingalpha.comTeekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful UptrendMay 22, 2024 | ca.finance.yahoo.comTNK Jun 2024 70.000 putMay 16, 2024 | msn.comTeekay Tankers (NYSE:TNK) Presents Attractive Value Investment OpportunityMay 10, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.com4 Analysts Assess Teekay Tankers: What You Need To KnowJuly 26, 2024 | Crypto 101 Media (Ad)Brace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range. But that could change soon. Very soon.May 9, 2024 | seekingalpha.comTeekay Tankers Ltd. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | investorplace.comTNK Stock Earnings: Teekay Tankers Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | nasdaq.comTeekay Tankers Ltd. Q1 Profit Decreases, but beats estimatesMay 9, 2024 | globenewswire.comTeekay Tankers Ltd. Reports First Quarter 2024 Results and Declares DividendsMay 9, 2024 | globenewswire.comTeekay Corporation Reports First Quarter 2024 ResultsMay 8, 2024 | msn.comTeekay Tankers Q1 2024 Earnings PreviewMay 7, 2024 | investorplace.comOpportunity Alert: 3 Undiscovered Stocks About to Explode on Wall Street's RadarMay 6, 2024 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) is favoured by institutional owners who hold 52% of the companyMay 3, 2024 | finance.yahoo.comHere's What Could Help Teekay Tankers (TNK) Maintain Its Recent Price StrengthSee More Headlines Receive TNK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Teekay Tankers and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Ex-Dividend for 5/31 Dividend5/20/2024Dividend Payable5/31/2024Today7/26/2024Next Earnings (Confirmed)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,590Year Founded1973Price Target and Rating Average Stock Price Target$80.00 High Stock Price Target$85.00 Low Stock Price Target$76.00 Potential Upside/Downside+27.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$14.14 Trailing P/E Ratio4.43 Forward P/E Ratio4.54 P/E Growth1.55Net Income$513.67 million Net Margins37.39% Pretax Margin37.61% Return on Equity30.73% Return on Assets25.20% Debt Debt-to-Equity RatioN/A Current Ratio6.58 Quick Ratio6.02 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.57 Cash Flow$17.11 per share Price / Cash Flow3.66 Book Value$44.75 per share Price / Book1.40Miscellaneous Outstanding Shares34,260,000Free Float33,607,000Market Cap$2.15 billion OptionableOptionable Beta-0.28 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Kevin J. Mackay (Age 55)President & CEO Mr. Stewart Andrade (Age 51)Chief Financial Officer Mr. Jim BasterfieldHead of Human ResourcesMs. Edith Robinson (Age 59)Corporate Secretary Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsFrontlineNYSE:FROScorpio TankersNYSE:STNGGolar LNGNASDAQ:GLNGGolden Ocean GroupNASDAQ:GOGLSFLNYSE:SFLView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 11,535 shares on 7/26/2024Ownership: 0.239%Allspring Global Investments Holdings LLCBought 6,656 shares on 7/26/2024Ownership: 0.084%Paradiem LLCSold 9,287 shares on 7/22/2024Ownership: 0.132%Summit Global InvestmentsSold 1,603 shares on 7/22/2024Ownership: 0.063%Fifth Third BancorpBought 456 shares on 7/22/2024Ownership: 0.002%View All Institutional Transactions TNK Stock Analysis - Frequently Asked Questions How have TNK shares performed this year? Teekay Tankers' stock was trading at $49.97 on January 1st, 2024. Since then, TNK shares have increased by 25.3% and is now trading at $62.61. View the best growth stocks for 2024 here. How were Teekay Tankers' earnings last quarter? Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, May, 9th. The shipping company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.70 by $0.16. The shipping company had revenue of $221.81 million for the quarter. Teekay Tankers had a net margin of 37.39% and a trailing twelve-month return on equity of 30.73%. When did Teekay Tankers' stock split? Shares of Teekay Tankers 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. Who are Teekay Tankers' major shareholders? Top institutional shareholders of Teekay Tankers include SG Americas Securities LLC (0.70%), Bank of New York Mellon Corp (0.24%), Paradiem LLC (0.13%) and Allspring Global Investments Holdings LLC (0.08%). 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. What other stocks do shareholders of Teekay Tankers own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Intel (INTC). 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