NYSE:TNK - Teekay Tankers Stock Price, Forecast & News

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

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 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.

Teekay Tankers Ltd. (NYSE:TNK) announced its quarterly earnings results on Wednesday, November, 13th. The shipping company reported ($0.64) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.72) by $0.08. The shipping company had revenue of $182.30 million for the quarter, compared to analysts' expectations of $95.10 million. Teekay Tankers had a negative net margin of 1.19% and a negative return on equity of 0.49%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.56) earnings per share. View Teekay Tankers' Earnings History.

Teekay Tankers is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Teekay Tankers.

6 Wall Street analysts have issued 12 month price objectives for Teekay Tankers' stock. Their forecasts range from $8.00 to $28.00. On average, they anticipate Teekay Tankers' share price to reach $20.00 in the next year. This suggests a possible upside of 3.0% from the stock's current price. View Analyst Price Targets for Teekay Tankers.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teekay Tankers in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Teekay Tankers.

News headlines about TNK stock have trended somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Teekay Tankers earned a news sentiment score of -1.8 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Teekay Tankers.

Teekay Tankers saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,380,000 shares, an increase of 10.1% from the September 30th total of 3,070,000 shares. Based on an average trading volume of 2,880,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.8% of the company's stock are short sold. View Teekay Tankers' Current Options Chain.

Some companies that are related to Teekay Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Scorpio Tankers (STNG), Ship Finance International (SFL), Golar LNG (GLNG), SemGroup (SEMG), Golden Ocean Group (GOGL), GasLog (GLOG), Nordic American Tanker (NAT) and Teekay (TK).

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), Willamette Valley Vineyards (WVVI), Zynerba Pharmaceuticals (ZYNE), General Electric (GE), Cara Therapeutics (CARA), Pandora Media (P), Ford Motor (F) and Statoil (STO).

Teekay Tankers' stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (1.28%), Chicago Equity Partners LLC (0.12%), CIBC Private Wealth Group LLC (0.11%), Rhumbline Advisers (0.11%), Monarch Partners Asset Management LLC (0.11%) and Squarepoint Ops LLC (0.08%).

TNK stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Squarepoint Ops LLC, Barclays PLC and California Public Employees Retirement System.

TNK stock was bought by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Chicago Equity Partners LLC, Russell Investments Group Ltd., FNY Investment Advisers LLC, CNA Financial Corp, Monarch Partners Asset Management LLC, Rhumbline Advisers and State Street Corp.

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

One share of TNK stock can currently be purchased for approximately $19.41.

Teekay Tankers has a market capitalization of $651.59 million and generates $755.76 million in revenue each year. The shipping company earns $-52,550,000.00 in net income (profit) each year or ($1.60) on an earnings per share basis. Teekay Tankers employs 2,100 workers across the globe.View Additional Information About Teekay Tankers.

The official website for Teekay Tankers is http://www.teekaytankers.com/.

Teekay Tankers' mailing address is 4TH FLOOR BELVEDERE BUILDING 69 PITTS BAY ROAD, HAMILTON D0, HM08. The shipping company can be reached via phone at 441-298-2530 or via email at [email protected]