Positive News SentimentPositive NewsNYSE:TNK Teekay Tankers (TNK) Stock Forecast, Price & News $39.61 +0.61 (+1.56%) (As of 02:57 PM ET) Add Compare Share Share Today's Range$38.86▼$39.9850-Day Range$37.46▼$45.3352-Week Range$25.29▼$48.05Volume127,087 shsAverage Volume462,490 shsMarket Capitalization$1.35 billionP/E Ratio2.55Dividend Yield2.52%Price Target$54.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Teekay Tankers MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside37.0% Upside$54.00 Price TargetShort InterestHealthy2.69% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.65Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-41.99%From $13.74 to $7.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.91 out of 5 starsTransportation Sector25th out of 114 stocksWater Transportation Industry3rd out of 17 stocks 3.3 Analyst's Opinion Consensus RatingTeekay Tankers has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.00, Teekay Tankers has a forecasted upside of 37.0% from its current price of $39.43.Amount of Analyst CoverageTeekay Tankers has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.69% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Teekay Tankers has recently decreased by 20.02%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTeekay Tankers pays a meaningful dividend of 2.57%, 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 6.45%. 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 12.55% next year. This indicates that Teekay Tankers will be able to sustain or increase its 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 3.1 News and Social Media Coverage News SentimentTeekay Tankers has a news sentiment score of 1.65. 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 0.63 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Teekay Tankers this week, compared to 3 articles on an average week.Search InterestOnly 13 people have searched for TNK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows14 people have added Teekay Tankers to their MarketBeat watchlist in the last 30 days. This is an increase of 1,300% 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 Institutions48.68% of the stock of Teekay Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Teekay Tankers are expected to decrease by -41.99% in the coming year, from $13.74 to $7.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Teekay Tankers is 2.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Teekay Tankers is 2.54, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.31.Price to Earnings Growth RatioTeekay Tankers has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTeekay Tankers has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Teekay Tankers (NYSE:TNK) StockTeekay 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.Read More TNK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNK Stock News HeadlinesSeptember 18, 2023 | finance.yahoo.comTeekay Tankers Stock Clears Technical Benchmark, Hitting 80-Plus RS RatingSeptember 9, 2023 | markets.businessinsider.comSupertanker Stocks Ride The Waves Of Volatile Oil MarketSeptember 21, 2023 | Stansberry Research (Ad)Experts: NVIDIA Now "Too Big to Succeed"Several of the market’s top analysts are sounding the alarm that NVIDIA’s share price may have reached its breaking point.September 8, 2023 | finance.yahoo.comTeekay Tankers (TNK): A Detailed Look at Its OvervaluationAugust 30, 2023 | finance.yahoo.com5 Low-Leverage Stocks to Buy as Technology Makes a ComebackAugust 15, 2023 | markets.businessinsider.comTeekay Tankers (TNK) Receives a Rating Update from a Top AnalystAugust 11, 2023 | msn.comTeekay Tankers Ltd - (TNK) Declares $0.25 DividendAugust 8, 2023 | benzinga.comThursday Is Your Last Chance To Buy Teekay Tankers Before The Dividend PayoutSeptember 21, 2023 | Stansberry Research (Ad)Experts: NVIDIA Now "Too Big to Succeed"Several of the market’s top analysts are sounding the alarm that NVIDIA’s share price may have reached its breaking point.August 6, 2023 | finance.yahoo.comTeekay Tankers Ltd. (NYSE:TNK) Looks Interesting, And It's About To Pay A DividendAugust 6, 2023 | seekingalpha.comTeekay Tankers: Up To 45% FCF YieldAugust 4, 2023 | seekingalpha.comTeekay Tankers: A 'Hold' Amidst Rising TidesAugust 3, 2023 | markets.businessinsider.comHere's what Wall Street expects from Teekay Tankers's earningsAugust 3, 2023 | msn.comJefferies Maintains Teekay Tankers Ltd - (TNK) Buy RecommendationAugust 3, 2023 | seekingalpha.comTeekay Tankers Ltd. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | msn.comTeekay Tankers (TNK) Surpasses Q2 Earnings and Revenue EstimatesAugust 3, 2023 | finance.yahoo.comTeekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares DividendJune 27, 2023 | finance.yahoo.comEstimating The Intrinsic Value Of Teekay Tankers Ltd. (NYSE:TNK)June 25, 2023 | seekingalpha.comTeekay Tankers: Downgrade To Hold On Deteriorating Economic GrowthJune 9, 2023 | finance.yahoo.comTeekay Corporation Announces Update on $30 Million Share Repurchase Program and Announces New Share Repurchase ProgramJune 6, 2023 | markets.businessinsider.comDrewry Financial Keeps Their Buy Rating on Teekay Tankers (TNK)June 2, 2023 | markets.businessinsider.comBank of America Securities Remains a Hold on Teekay Tankers (TNK)May 29, 2023 | finance.yahoo.comWith 51% ownership, Teekay Tankers Ltd. (NYSE:TNK) boasts of strong institutional backingMay 17, 2023 | marketwatch.comThinking about trading options or stock in Exxon, Alphabet, Super Micro Computer, Dell, or Teekay Tankers?May 15, 2023 | seekingalpha.comTeekay Tankers: The New Dividend Supports The Bullish NarrativeMay 11, 2023 | msn.comJefferies Reiterates Teekay Tankers Ltd - (TNK) Buy RecommendationMay 11, 2023 | finance.yahoo.comWhy Teekay Tankers Popped 14.9% TodaySee 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 TNK Company Calendar Last Earnings8/03/2023Ex-Dividend for 8/25 Dividend8/11/2023Dividend Payable8/25/2023Today9/21/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNYSE:TNK CUSIPY8565N10 CIK1419945 Webwww.teekay.com Phone(441) 298-2530Fax441-292-3931Employees1,750Year Founded1973Price Target and Rating Average Stock Price Forecast$54.00 High Stock Price Forecast$54.00 Low Stock Price Forecast$54.00 Forecasted Upside/Downside+38.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$15.51 Trailing P/E Ratio2.51 Forward P/E Ratio2.84 P/E Growth0.94Net Income$229.09 million Net Margins37.90% Pretax Margin38.79% Return on Equity46.25% Return on Assets30.12% Debt Debt-to-Equity Ratio0.13 Current Ratio3.09 Quick Ratio2.70 Sales & Book Value Annual Sales$1.06 billion Price / Sales1.25 Cash Flow$9.33 per share Price / Cash Flow4.18 Book Value$31.53 per share Price / Book1.24Miscellaneous Outstanding Shares34,000,000Free Float33,354,000Market Cap$1.33 billion OptionableOptionable Beta-0.08 Social Links 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Kevin J. Mackay (Age 54)Pres & CEO Mr. Stewart Andrade (Age 50)Chief Financial Officer Mr. Jim BasterfieldHead of HRMs. Edith Robinson (Age 58)Corp. Sec. Mr. Christian WaldegraveDirector of Research & Commercial PerformanceKey CompetitorsGolden Ocean GroupNASDAQ:GOGLNordic American TankersNYSE:NATGolar LNGNASDAQ:GLNGInternational SeawaysNYSE:INSWCoolNYSE:CLCOView All CompetitorsInstitutional OwnershipWolverine Trading LLCSold 5,500 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 541 shares on 8/21/2023Ownership: 0.023%Osaic Holdings Inc.Bought 2,440 shares on 8/21/2023Ownership: 0.011%CreativeOne Wealth LLCSold 6,069 shares on 8/16/2023Ownership: 0.034%Capula Management LtdBought 1,100 shares on 8/15/2023Ownership: 0.040%View All Institutional Transactions TNK Stock - Frequently Asked Questions Should I buy or sell Teekay Tankers stock right now? 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. What is Teekay Tankers' stock price forecast for 2023? 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. 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 26.6% and is now trading at $39.00. View the best growth stocks for 2023 here. Are investors shorting Teekay Tankers? 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. 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) 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. How often does Teekay Tankers pay dividends? What is the dividend yield for Teekay Tankers? 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. What ETFs hold Teekay Tankers' stock? 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). 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 2.57%. 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. 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. 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." Who are Teekay Tankers' major shareholders? 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%). 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 $39.00. How much money does Teekay Tankers make? 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. 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 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Teekay Tankers Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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