Teekay Tankers (TNK) Stock Forecast, Price & News

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

2 Wall Street analysts have issued 12-month price objectives for Teekay Tankers' stock. Their TNK share price forecasts range from $54.00 to $54.00. On average, they anticipate the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 38.5% from the stock's current price.
View analysts price targets for TNK or view top-rated stocks among Wall Street analysts.

Teekay Tankers' stock was trading at $30.81 at the beginning of 2023. Since then, TNK stock has increased by 26.6% and is now trading at $39.00.
View the best growth stocks for 2023 here.

Teekay Tankers saw a decrease in short interest in the month of 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 currently 1.6 days. Approximately 2.7% of the shares of the stock are short sold.
View Teekay Tankers' Short Interest.

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

Teekay Tankers Ltd. (NYSE:TNK) announced its earnings results on Thursday, August, 3rd. The shipping company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 46.25% and a net margin of 37.90%. The business's revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS.

Teekay Tankers declared a quarterly dividend on Thursday, August 3rd. Investors of record on Monday, August 14th will be paid a dividend of $0.25 per share on Friday, August 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. 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.

ETFs with the largest weight of Teekay Tankers (NYSE:TNK) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), Roundhill Acquirers Deep Value ETF (DEEP), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and First Trust Active Factor Small Cap ETF (AFSM).First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS).

Teekay Tankers (NYSE:TNK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.57%. 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.

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.

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 a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.53%), BlackRock Inc. (4.12%), Goldman Sachs Group Inc. (2.09%), Marshall Wace LLP (1.93%), Pale Fire Capital SE (1.61%) and DAVENPORT & Co LLC (1.43%).

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.

One share of TNK stock can currently be purchased for approximately $39.00.

Teekay Tankers (NYSE:TNK) has a market capitalization of $1.33 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.

The company employs 1,750 workers across the globe.

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.